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Business & Economics

$230M WazirX Hack Hearing Today As Users Await Refund

CoinGape
Summary
Nutrition label

61% Informative

WazirX is one of the largest crypto exchanges in India , which faced a staggering $230 million security breach on July 18, 2024 .

Following the incident, the platform froze over half of its user funds and suspended trading.

With overwhelming support from users ( 93.4% ), the exchange plans to reimburse 85% of the funds based on the amount previously frozen.

The remaining 15% still have no confirmed payout plan or timeline.

VR Score

39

Informative language

27

Neutral language

29

Article tone

formal

Language

English

Language complexity

43

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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