WazirX will issue recovery tokens to creditors that represent remaining claims not covered by initial payouts from the $235 million hack
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WazirX’s recovery token is almost like an onchain IOU that the exchange plans to mint for every creditor of the exchange. The court filings follow a Singapore court’s approval of WazirX’s plan to repay the victims of its $235 million hack, which has been linked to North Korea’s state-sponsored hackers.
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Recovery token and compensation plan
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