WazirX hack: Users unlikely to get full amount
The Morning Standard|September 03, 2024
USERS of crypto exchange WazirX, which was hacked in July resulting in the theft of digital assets worth above 2,000 crore, may not receive their funds in full.
UMA KANNAN
WazirX hack: Users unlikely to get full amount

In a virtual conference on Monday, George Gwee, director, restructuring, Kroll and Jason Kardachi, MD, Kroll (financial advisor for WazirX), explained the current situation of the exchange. As per legal advisors, customers will get a return of 55-57% of the funds.

This means, 43% of the money may not be recovered. Founder and CEO Nischal Shetty said they are in negotiation and in ideation stage, and not in a position to say much.

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