CandleFocus

WazirX Rebalancing Calculator shows users missing out on Bitcoin’s $81K all-time high

Bitcoin's price has reached a new all-time high of over $81,800, signaling the start of a bull run. However, users of the WazirX exchange have been excluded from this rally due to the exchange's restructuring after a security breach in July. Many users have criticized WazirX for not fully compensating creditors despite resuming trading. The exchange plans to share fees from new trades with creditors and has introduced a Rebalancing Calculator. This calculator shows how WazirX will distribute its liquid assets based on each creditor's share of the total claims. WazirX has also replaced three inactive members of its Committee of Creditors. Despite these developments, Bitcoin's price continues to rise, reaching the $81,000 level on November 11. Some industry experts express doubts about the trustworthiness of WazirX and its affiliated projects.

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