{"id":851190,"date":"2024-09-03T09:36:23","date_gmt":"2024-09-03T04:06:23","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=851190"},"modified":"2024-09-03T09:44:17","modified_gmt":"2024-09-03T04:14:17","slug":"hack-hit-wazirxs-customers-to-lose-43-of-their-funds","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/09\/03\/hack-hit-wazirxs-customers-to-lose-43-of-their-funds\/","title":{"rendered":"Hack-hit WazirX\u2019s customers to lose 43% of their funds"},"content":{"rendered":"<p>WazirX customers stand to lose at least 43% their money even as the cryptocurrency exchange, reeling from a nearly Rs 2,000-crore hack, plans to restructure its crypto balances.<\/p>\n<p>Around 4 million Indian investors in cryptocurrencies will be adversely impacted due to a cyberattack on the exchange.<\/p>\n<p>In a virtual press conference on Monday, WazirX co-founder Nischal Shetty, alongside Jason Kardachi, managing director at Kroll, and George Gwee, director of restructuring at Kroll, said that customers are unlikely to recover more than 57% of their funds, incurring a potential loss of around Rs 850 crore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>WazirX customers stand to lose at least 43% their money even as the cryptocurrency exchange, reeling from a nearly Rs 2,000-crore hack, plans to restructure its crypto balances. Around 4 million Indian investors in cryptocurrencies will be adversely impacted due to a cyberattack on the exchange. In a virtual press conference on Monday, WazirX co-founder Nischal Shetty, alongside Jason Kardachi, managing director at Kroll, and George Gwee, director of restructuring at Kroll, said that customers are unlikely to recover more than 57% of their funds, incurring a potential loss of around Rs 850 crore.<\/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":[63,4,12],"tags":[],"class_list":["post-851190","post","type-post","status-publish","format-standard","hentry","category-it-2-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/851190","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=851190"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/851190\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=851190"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=851190"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=851190"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}