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WazirX sponsors Mumbai crypto summit amid ongoing $235M hack recovery via Recovery Token buybacks

Market News
18 Oct 2026
Tokenpost
View Source
Neutral
WazirX sponsors Mumbai crypto summit amid ongoing $235M hack recovery via Recovery Token buybacks

WazirX is sponsoring the Unchained Summit India in Mumbai as it continues efforts to recover from a $235 million hack in 2024. The theft, linked to North Korea, targeted a multisignature wallet under Liminal custody. WazirX has issued Recovery Tokens to creditors, representing claims on future recoveries and profits, but buybacks depend on sufficient profits and recoveries, with no buyback date set yet. The exchange reopened in October 2025 and is actively working on creditor compensation through a structured token scheme.

WazirX's ongoing recovery efforts follow a $235 million hack, with no set buyback date. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Oct 18, 2026 15:41 WIB: out of 50 major cryptocurrencies, 6 rose and 43 fell. Notable movers include YFI priced at Rp39.314.829 with a 1-day change of -4.41% and 100% buy order activity, ENJ at Rp502 with -4.35% change and 81% sell activity, and XTZ at Rp5.387 with -3.94% change and 80% sell activity.

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