WazirX News: Cryptocurrency Platform, Hit by Security Breach, Says Users With 100% Tokens in 'Not Stolen' Category Will Get 55% of Tokens Back, Netizens Furious

WazirX users criticised the platform's new move to hold their crypto assets and only return half of the tokens in its new "socialise loss strategy". Indian cryptocurrency exchange WazirX recently announced its new 'Loss Strategy', which aimed to "socialise" its USD 230 million loss among its customers. WazirX, through its new strategy, said that the users with 100% tokens in the 'not stolen' category would receive 55% of their tokens back. The crypto exchange also said it would convert the remaining 45% to USDT-equivalent tokens and lock them. Users took on X and complained about this new "WazirX socialise loss strategy". A user posted, "How would you feel if the bank says they will only return half your gold to compensate others who lost everything?". Another user took on WazirX's new loss strategy and move to lock tokens saying, "the responsibility and accountability should be the company itself and not its users." WazirX Loss Strategy: Indian Cryptocurrency Exchange To ‘Socialise’ USD 230 Million Loss From Recent Security Breach Among Its Customers, Says Report.

WazirX Customer Criticising Its Socialise Loss Policy on X

WazirX Company Responsible, Not Its Users, Posted Another User on X

"WazirX Socialise Loss Policy… Is That Even Legal?", Said Another X User

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