WazirX announces plans to undo all trades that occurred following its withdrawal freeze on July 18, aiming to restore portfolio balances and ensure platform integrity.
Points
- WazirX will undo trades that occurred after its withdrawal freeze on July 18.
- Portfolio balances will be restored to their state on July 18, 2024, 1 p.m. IST.
- The decision aims to protect platform integrity and ensure equitable outcomes for users.
- The action will be conducted over the next few days.
WazirX, a leading cryptocurrency exchange, has announced its decision to undo all trades that occurred following its withdrawal freeze on July 18. This move aims to restore users’ portfolio balances on the WazirX platform to their state as of July 18, 2024, 1 p.m. IST.
The exchange stated that this decision was not made lightly and is intended to protect the platform’s integrity and facilitate an equitable outcome for all users affected by the abnormality arising from the cyberattack. Over the next few days, WazirX will undertake the process of reversing the affected trades and ensuring that portfolio balances are accurately restored.
This proactive measure reflects WazirX’s commitment to maintaining a fair and transparent trading environment for its users. By addressing the issue promptly and decisively, WazirX aims to rebuild trust and confidence within its community.
解説
- WazirX’s decision to undo trades post-withdrawal freeze demonstrates its commitment to fairness.
- Restoring portfolio balances ensures an equitable outcome for users affected by the cyberattack.
- This measure reinforces the exchange’s dedication to maintaining platform integrity.
- Proactive actions by exchanges are crucial in maintaining user trust and confidence.