{"id":839265,"date":"2024-07-31T11:08:58","date_gmt":"2024-07-31T05:38:58","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=839265"},"modified":"2024-07-31T11:10:15","modified_gmt":"2024-07-31T05:40:15","slug":"crypto-industry-wants-wazir-x-to-reconsider-its-recovery-plan-after-230-million-loss","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/07\/31\/crypto-industry-wants-wazir-x-to-reconsider-its-recovery-plan-after-230-million-loss\/","title":{"rendered":"Crypto industry wants Wazir X to reconsider its recovery plan after $230 million loss"},"content":{"rendered":"<p>BENGALURU: Crypto exchange WazirX&#8217;s proposed plan to socialise its loss has not gone down well with the crypto industry, which wants it to reconsider the approach. WazirX recently faced a security breach leading to a $230 million loss and said, &#8220;We are implementing a fair and transparent socialized loss strategy to distribute the impact across all users equitably.&#8221;<\/p>\n<p>But later it also clarified that the poll it took was a preliminary step to understand users&#8217; opinions, and is not legally binding upon the users or the WazirX platform.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BENGALURU: Crypto exchange WazirX&#8217;s proposed plan to socialise its loss has not gone down well with the crypto industry, which wants it to reconsider the approach. WazirX recently faced a security breach leading to a $230 million loss and said, &#8220;We are implementing a fair and transparent socialized loss strategy to distribute the impact across all users equitably.&#8221; But later it also clarified that the poll it took was a preliminary step to understand users&#8217; opinions, and is not legally binding upon the users or the WazirX platform.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[75,4,17],"tags":[],"class_list":["post-839265","post","type-post","status-publish","format-standard","hentry","category-it-2-the-new-indian-express","category-newspapers","category-the-new-indian-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/839265","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=839265"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/839265\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=839265"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=839265"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=839265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}