WazirX Announces Rebalancing Calculator Amid Restructuring Efforts

WazirX, the Indian crypto exchange platform, had been hacked in July 2024, which resulted in a loss of $230 million in customer funds. Ever since, the exchange platform has been making efforts to restructure and has been looking for investors. The exchange platform has recently announced its fourth Townhall, set to take place on November 6, 2024, at 5:30 IST.

📢 Fourth Townhall Announcement

In this Townhall, we will introduce the new Rebalancing Calculator and discuss other value drivers that are being explored as part of the restructuring efforts.

🗓️: 6th November 2024 at 5:30 PM IST
🕠: Set a reminder 👉 https://t.co/0XK3BsP8Xm pic.twitter.com/lYNBA2Rdh2

— WazirX: India Ka Bitcoin Exchange (@WazirXIndia) November 5, 2024

WazirX announces launch of Rebalancing Calculator

As per the X (formerly known as twitter) post, the Townhall meeting will introduce a Rebalancing Calculator. This tool is designed to enhance user experience and optimize investment strategies. This move will help in pushing forward the restructuring program initiated by the company.

Along with the launch of Rebalancing Calculator, during the meeting the team will also discuss potential options for their ongoing recovery and growth of the platform.

Importance of Community Support

Nischal Shetty, Founder and CEO of WazirX posted on his X “We will share some of the ideas we have been working on to help fill the gap left by the cyberattack. With your support, we will be able to generate new value for everyone through these efforts.” This emphasizes the importance of having community’s support during such difficult times.

The cyber attack left a great impact on the exchanging platform but the comeback seems to be stronger than ever. By introducing Rebalancing Calculator, the platform will provide users with more control over their investment and will instill investor confidence within the company. This Townhall is set to discuss these strategic efforts and invite feedback from the community.

Participants can join the livestream on Youtube and support the crypto exchange platform. This will be a significant event as WazirX is leaving no stone unturned in order to navigate through these difficult times and deliver value to its users.

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