It’s a planned hack if u r mature enuf to understand

The automobile spare parts dealer in Patna got worried when he glanced at the alerts on his phone on July 18. News portals were reporting that India’s cryptocurrency exchange WazirX had been hacked. At first, he thought that meant a “technical glitch” and things would get back to normal. The full extent of his misfortune was yet to be revealed.
“My cousin told me some Rs 2,000 crore had been stolen from the company,” said the 32-year-old man. “I immediately rushed to withdraw my Rs 7 lakh investment on WazirX but it was too late--no transactions were allowed.”

The prospect of never being able to get his money back has caused sleeplessness, anxiety, emotional distress and setbacks in business. At home, he pretends nothing has happened. “My wife thinks I do some stock market trade,” he said. “She doesn’t understand crypto stuff--she thinks we are rich.”He dwells on what might have been.
“Every day, I take a pen and paper (to calculate) and tell my co-worker that today the value of my crypto would have been Rs 25 lakh,” he said. “(Auto) agency guys would have given us so much business on such credit.”
He’s not alone About 15 million users of WazirX were victims of one of the largest cyberattacks on a cryptocurrency exchange in July, leading to the theft of investor holdings worth $235 million or nearly half of the platform's estimated reserves. Since then, the remaining funds on the platform have been frozen and trading has been halted.
ET spoke to about a dozen people who had invested between Rs 30,000 and Rs 1.5 crore on the platform. Many recounted tales of financial distress--individuals driven into debt, some having to flee their villages and others grappling with suicidal thoughts.
#wazirX #2024withBinance