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CoinGape

CoinGape

WazirX denies security lapse claims, challenges TruthLabs’ analysis of $230M hack

CoinGape
Summary
Nutrition label

60% Informative

WazirX, a major cryptocurrency exchange, has forcefully denied accusations of security lapses that allegedly led to a staggering $230 million hack of customer assets.

The company has responded to claims made by TruthLabs , a blockchain security firm, asserting that their analysis is both incorrect and misleading.

The exchange has proposed a 55/45 recovery plan, offering immediate access to portion of user funds, although plan faced criticisms.

VR Score

40

Informative language

30

Neutral language

49

Article tone

formal

Language

English

Language complexity

62

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

detected

Known propaganda techniques

not detected

Time-value

short-lived

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