Why WazirX’s ’55-45 plan’ has its users up in arms

WazirX is facing backlash for its plan to distribute a $230 million cyberattack loss among users. Using a ‘socialised loss strategy,’ WazirX will cut 45% of users’ unaffected tokens to offset losses. The controversial move aims to fairly distribute financial strains and ensure operational recovery, but has stirred criticism within the crypto community.