Analysing WazirX’s Controversial Approach to Mitigating Financial Impact of Wallet Hack

Analysing WazirX’s Controversial Approach to Mitigating Financial Impact of Wallet Hack

WazirX has been trying to resume services on its platform as it continues to investigate the recent hack of one of its wallets under Liminal Custody’s oversight leading to a loss of $230 million (roughly Rs. 1,900 crore). Over the weekend, the exchange published details on a ‘socialised loss strategy’…