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- 🎤 Cheer for Your Idol · Gate Takes You Straight to Token of Love! 🎶
Fam, head to Gate Square now and cheer for #TokenOfLove# — 20 music festival tickets are waiting for you! 🔥
HyunA / SUECO / DJ KAKA / CLICK#15 — Who are you most excited to see? Let’s cheer together!
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🎵 The song you want to he - ✈️ Gate Square | Gate Travel Sharing Event is Ongoing!
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1️⃣ Post on Square with the hashtag #Gate Travel Sharing Ambassadors#
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🎉 Lucky Participant - 🎉 Hey Gate Square friends! Non-stop perks and endless excitement—our hottest posting reward events are ongoing now! The more you post, the more you win. Don’t miss your exclusive goodies! 🚀
🆘 #Gate 2025 Semi-Year Community Gala# | Square Content Creator TOP 10
Only 1 day left! Your favorite creator is one vote away from TOP 10. Interact on Square to earn Votes—boost them and enter the prize draw. Prizes: iPhone 16 Pro Max, Golden Bull sculpture, Futures Vouchers!
Details 👉 https://www.gate.com/activities/community-vote
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Hack Recovery: WazirX Gets Green Light for User Repayment - Crypto News Flash
In January 2025, the Singapore court has approved WazirX’s plan to repay users harmed by the $235 million hack. Of course, this approval represents a new route for the exchange in its attempts to rebuild public confidence and reduce the influence of the unwelcome event.
Important Steps Made by WazirX in Repaying Users
Previously, the court had approved WazirX a four-month moratorium in September 2024 to create a recovery plan. The crypto exchange will focus on restructuring and presenting a proposal during this time to repay users fairly. With this approval, they can now schedule a scheme conference with creditors in order to carry out calculated actions to recoup lost money.
The distribution of recovery tokens to impacted users of its platform is one of the main projects suggested in this strategy. Trading these tokens on the secondary market allows users to lower their losses throughout the recovery period. Furthermore, the exchange intends to start a buyback token program meant to increase the value of the recovery tokens.
Concentrate on Fund Recovery
The exchange is also collaborating with foreign authorities to track and recover assets taken during the event, therefore complementing the compensation plan. This initiative has produced direct USDT directly tied to the hack frozen of $3 million. Investigation and recovery of additional assets is still in progress at the time of writing.
Although the restructuring proposal presents promising opportunities, final approval still rests on the choice of the creditors. Liquidation would be an alternative should most of the creditors reject the plan. But compared to the first option, the liquidation procedure is projected to take more time and maybe give less reward to offended users.