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How Will WazirX’s Asset Rebalancing Help Its Recovery Strategy?

  • WazirX is conducting an asset rebalancing process to secure user funds and prepare for distribution.
  • Rumors suggest that Binance may assist with repayment after a Binance-linked wallet sent $200 million to WazirX.
  • WazirX suffered a $230 million hack in July 2024 and has been working towards recovery.
  • The exchange has filed with the Singapore High Court for a creditors' meeting to finalize the recovery plan.

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