WazirX Surveys Users on Recovery Options After $230M Hack, Leaves Customers and Industry Players Fuming

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Amitoj Singh is a CoinDesk reporter.

WazirX has faced industry and customer heat about a"withdrawal management poll" after suffering the $230 million hack earlier this month.

The exchange has now said the poll was not"not legally binding," it was a"preliminary step to understand" customer opinions, and that they will soon launch a feedback form.that India's Enforcement Directorate put nearly $1.1 million in seized crypto assets in a crypto wallet account with WazirX in January.

However, this came after co-founder's of at least three rival cryptocurrency exchanges in the nation and several customers criticized the move.on Sunday saying this"is not in the best interests of the ecosystem" explaining why the poll is was"designed to force customers to choose option A." CoinDCX co-founder Sumit Gupta, perhaps the most prominent of the lot, wrote on X to say WazirX's handling of the situation"isn't community first,""won't go down well for them," and is"also hurting the other ecosystem participants."the crypto industry"is in trouble due to the event and the way the issue is getting handled is only worsening the situation.

Earlier, WazirX said"This strategy allows immediate access to a significant portion of your assets while maintaining the possibility of further recovery for those who choose to wait.", India's Enforcement Directorate reportedly put nearly $1.

 

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