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WazirX to 'socialize' $230 million security breach loss among customers | TechCrunch

Indian cryptocurrency exchange WazirX announced on Saturday a controversial plan to “socialize” the $230 million loss from its recent security breach among all its customers, a move that has sent shockwaves through the local crypto community. The Mumbai-based firm, which suspended all trading activities on its platform last week following the cyber attack that compromised nearly half of its reserves in India’s largest crypto heist, has outlined a strategy to resume operations within a week or so...

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