WazirX Surveys Users on Recovery Options After $230M Hack

Indian cryptocurrency exchange WazirX is facing industry and customer heat for its "Withdrawal Management Programme: Opinion Poll" in the aftermath of the $230 million hack, 45% of its user funds, it suffered earlier this month. The July 27th poll described by the exchange as a "socialized loss strategy to distribute the impact equitably among all users" asked customers to vote on two different options. The exchange and it's co-founder Nischal Shetty have put out fresh posts on X clarifying that the poll was "not legally binding," it was a "preliminary step to understand" customer opinions, and that they will soon launch a feedback form "to collect more ideas."

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