WazirX, one of the leading cryptocurrency exchanges, has made a significant move towards recovery by issuing recovery tokens to its eligible users. This initiative comes as part of the exchange's restructuring efforts following a major security breach in 2024, as stated in the official source.
Distribution of Recovery Tokens
The recovery tokens were distributed on a pro rata basis, adhering to the promised timeline of 60 days. This distribution coincides with the planned restart of trading operations on October 24, 2025, signaling a new chapter for the exchange after the hack that impacted many users.
WazirX's Commitment to User Recovery
WazirX's initiative is designed to facilitate user recovery and mitigate losses, demonstrating the exchange's commitment to its user base. As the cryptocurrency market continues to evolve, WazirX's proactive measures may serve as a model for other exchanges facing similar challenges.
In light of recent developments in the cryptocurrency space, WazirX's recovery token initiative contrasts with Brevis's newly implemented Sybil resistance measures for its token distribution. For more details, see more.
