WazirX maps out recovery strategy after Rs 2,000-crore cyberhack

Cryptocurrency exchange WazirX is planning to launch a new decentralised exchange (DEX) and restart its WazirX platform with the addition of new features to generate revenues for paying back users who lost funds in the Rs 2,000-crore cyberattack.

More than three months after the exchange faced a security breach in one of its multisig wallets, WazirX plans to issue “recovery tokens” to its creditors, who will receive 48% of their funds as tokens on a pro-rata basis.