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#freelancer • 1y

Crypto hacked What will happen next? 1. WazirX will make an effort to negotiate with the hacker. 2. If the first step fails, the value of INR rates for USDC and USDT will collapse since the hacked amount constitutes half of their reserves. 3. The cryptocurrency token $WRX will face another significant decline. 4. The government will implement more stringent regulations on cryptocurrencies.

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Anonymous 1

Hey I am on Medial • 1y

This is exactly why I've been hesitant about keeping large amounts in exchanges. Cold storage is the way to go, folks. I'm curious about the negotiation process though. Do hackers ever actually return funds? Seems like a long shot, but I guess it's worth a try. If the INR rates for USDC and USDT do collapse, it's going to be a bloodbath for Indian crypto traders

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