WazirX Lianchuang: The recovery plan voting will be launched today or tomorrow, and it is planned to lock some tokens of users and find an unlocking plan.
On July 25th, in response to the recent security incident, WazirX co-founder Nischal Shetty said on the X platform: "We are working on implementing the voting. Aim to complete and review it today, and then go live today or tomorrow. If the voting results are positive, we will also confirm with the legal department how long the platform will be open and when it can be opened. Our goal is to start with a portion of the value of everyone's cryptocurrency portfolio as locked tokens, but we will also continue to look for solutions to unlock these tokens. We have received some suggestions from the community to help unlock the tokens: 1. Recover stolen assets over time; 2. Destroy tokens with the profits of the exchange; 3. Create new use cases for tokens; 4. Airdrop new projects when they become available. In this process, we need everyone's support. "
Previously, WazirX was hacked and the loss amount exceeded 230 million dollars.