CoinDCX co-founder slams rival crypto exchange WazirX’s ’55/45 plan’

WazirX, after suffering a massive $230 million security breach, proposed a controversial 55/45 loss distribution plan among users. CoinDCX’s Sumit Gupta criticized this approach, urging WazirX to take financial responsibility from its reserves instead. Users reacted with significant backlash, concerned about the fairness and potential impacts on the broader crypto ecosystem.