South Korean foundation to recover funds from defunct crypto exchanges
The Digital Asset User Protection Foundation will be set up by the DAXA self-regulatory organization and receive support from financial authorities. Go to Source
fund recovery
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Wazirx Rolls Out Socialized Loss Strategy Across All Users Post $230M Cyberattack
Indian cryptocurrency exchange Wazirx is implementing a socialized loss strategy to distribute the impact of the recent $230 million cyberattack among all its users. The exchange stated that 55% of users’ crypto assets will be accessible, while the remaining 45% will be converted to USDT-equivalent tokens and locked. “The fastest way to open the platform … Read more
Rho Markets returns online with no funds lost after $8M Oracle issue
The MEV bot responsible for profiting nearly $8 million in stablecoins returned the funds but wanted the Rho Markets team to admit it was not a hack or exploit. Go to Source
