Why hacker is God in the world of Cryptocurrency and Bitcoins

The recent cyberattack on WazirX has brought into sharp focus the precarious position of cryptocurrency investors. While the immediate impact is the loss of funds, a deeper analysis reveals a systemic issue: the loophole of ‘force majeure’.
Cryptocurrency exchanges, unlike traditional financial institutions, often classify cyberattacks as ‘force majeure’ events or ‘Act of God’ — beyond their control – in their terms of service.