Following a major hack that left WazirX with losses of $235 million in July 2024, India-based cryptocurrency exchange WazirX has announced plans to distribute assets to affected users. The attack, attributed to the Lazarus Group linked to North Korea, impacted the exchange’s reserves and led to significant market volatility. Users are expected to recover 75%-80% of their funds through a plan involving issuing recovery tokens and repurchase with platform profits. This distribution plan requires court approvals and user votes. WazirX’s CEO highlighted the swift action taken by the company, including filing for a moratorium and seeking court approval for a restructuring process, to enable users to receive distributions as soon as possible.