WazirX Hack: Users Could Recover Funds with New Token Plan

WazirX got hacked. Big time. $230 million gone. Creditors voted. Overwhelmingly. They want their money back. A plan is hatched. A bit crazy, maybe. But a plan.

TL;DR
- WazirX users might see some funds returned after a massive hack; creditors approved a restructuring.
- They're launching a DEX and "recovery tokens." A gamble, sure, but better than nothing.

Ninety-three percent said yes. That's a lot of yeses. Singapore rules are fussy, but they cleared the hurdles. The money vanished into Tornado Cash. Like flushing it down the toilet, digitally speaking. The Lazarus Group gets the blame. Messy business.

So, what now? Court approval is next. Then, maybe, payouts. Recovery tokens are the key. Tradeable things. WazirX buys them back with profits. Ambitious? Absolutely. Like building a rocket from spare parts. But hey, they are trying.

Crypto isn't magic. It's code. Code breaks. Remember that. And even in crypto, someone else holds the keys. Sometimes, they fumble. Harsh lesson. Worth remembering. What do you think, will they recover the funds? ๐Ÿค”

---
Follow for the latest news! ๐Ÿš€