{"id":893739,"date":"2025-01-08T08:42:43","date_gmt":"2025-01-08T03:12:43","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=893739"},"modified":"2025-01-08T09:08:59","modified_gmt":"2025-01-08T03:38:59","slug":"coinswitch-to-launch-rs-600-cr-recovery-plan-for-hack-victims","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2025\/01\/08\/coinswitch-to-launch-rs-600-cr-recovery-plan-for-hack-victims\/","title":{"rendered":"CoinSwitch to launch Rs 600 cr recovery plan for hack victims"},"content":{"rendered":"<p>BENGALURU: Crypto platform CoinSwitch has launched a Rs 600 crore recovery programme to help users impacted by cyberattack on WazirX. It said this will provide an opportunity to users to recoup losses.<\/p>\n<p>A cyberattack on WazirX in July last year led to the theft of about Rs 2,000 crore worth of funds.<\/p>\n<p>\u201cAs an industry leader, we wanted to do our bit to help the ecosystem, especially now, when the market has picked up. We don\u2019t want crypto investors in India to miss opportunities. This program is an important step to rebuild what was lost,\u201d said Ashish Singhal, co-founder, CoinSwitch.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BENGALURU: Crypto platform CoinSwitch has launched a Rs 600 crore recovery programme to help users impacted by cyberattack on WazirX. It said this will provide an opportunity to users to recoup losses. A cyberattack on WazirX in July last year led to the theft of about Rs 2,000 crore worth of funds. \u201cAs an industry leader, we wanted to do our bit to help the ecosystem, especially now, when the market has picked up. We don\u2019t want crypto investors in India to miss opportunities. This program is an important step to rebuild what was lost,\u201d said Ashish Singhal, co-founder, CoinSwitch.<\/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-893739","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\/893739","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=893739"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/893739\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=893739"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=893739"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=893739"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}