WazirX launches recovery tokens to settle outstanding debts in response to the July attack "
On November 6, according to an official announcement, Indian crypto exchange WazirX announced that it will launch a recovery token for the settlement of outstanding debts. The token will be airdropped based on the creditor's balance on the platform. The token will be airdropped based on the creditor's balance on the platform: 1. Future platform profits;2. New business opportunities;3. Liquidation of third-party non-liquid assets;4. Recovery of stolen assets; 5. Funding from the White Knight proposal (usually a third party willing to buy or invest in a troubled company at a high price to help it get out of trouble). The main use cases for recovering tokens include: 1. Repurchase, which means that repurchase enhances creditor asset recovery and captures market opportunities;2. Additional liquidity, which means that according to the wishes of creditors, tokens can be traded on the open market to obtain funds in advance, providing flexibility and immediate value. Previously, in July, it was reported that WazirX was hacked and the amount of losses exceeded US$230 million.
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