WazirX Legal Advisor Warns of Slim Chances for Full Recovery of Hacked Customer Assets

Quick Summary:

WazirX customer asset recovery efforts face significant challenges, according to recent statements by the legal counsel for the Indian cryptocurrency exchange.

Following a devastating $230 million hack, WazirX’s legal advisor has expressed grave concerns over the likelihood of clients recovering their full crypto assets.

For customers and investors, the WazirX case is likely to reinforce the importance of due diligence, particularly when it comes to assessing the security protocols of exchanges they choose to trust with their assets.

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Article Details

Author / Journalist: Ishu Aggarwal

Category: Crypto

Markets: India

Topics: Latest News WazirX customer asset recovery WazirX

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-02 @ 09:48:05 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 705 words

Reading Time: 4 minutes read

Sentences: 29 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 22329939

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 21 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 11 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #121

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