WazirX fallout: On crypto bourses table, a reparation fund for clients

The security breach at crypto exchange firm WazirX which resulted in the theft of over $230 million, has prompted other players to roll out programmes that secure customers’ wallets and funds. These measures may include compensatory funds to settle accounts of customers affected by cyberattacks and theft of funds, among others, people close to the development said.

Experts have however said that introducing traditional insurance to protect crypto assets is going to be a tall order for the industry.