WazirX, a crypto trading platform, has announced that it will be launching a recovery token for the settlement of outstanding debts. This comes after the platform was reported to have stolen over $230 million. The recovery token will be airdropped to creditors proportionally, and will be used to recover stolen assets.
The tokens can also be used for buybacks and additional liquidity, and can be traded on the open market for early access to funding. WazirX suffered a hacker attack on July 18, and a multi-signature wallet on the Ethereum network was stolen.
