As per my analysis, It doesn’t seems they have any insurance

Question

As per my analysis, It doesn’t seems they have any insurance

or safu funds, coz if they had, they would have been declared the same already.

So now, there are actually 4 possibilities:

Scenario for recovery of full amount:

1) Recovering the money from the hacker either by bounty or negotiations with the hackers. (Chances: 20%)

2) WazirX being bought uo by some large international exchange taking up all their losses, customers and licenses. (Chances: 30-40%)

Scenario for recovery of half the amount:

3) In a worst case scenario, they still have half of the money left, so whatever tokens we have in our account could be halved, and we can sell/withdraw the same whenever the situation will be normalised. (Chances: 90%)

4) If hacking is their own gameplan of buying the dips, then they have already did it.
Or
They actually wanted to run away, then we will only get 50% of our amount/tokens.

Rest, Stopping the withdrawals is because how they can give us funds, if they don’t have it themselves?
Stopping the trading is to avoid panic selling, so that rates of coins doesn’t drop further.
It’s already 25% below the market rates, just because of panic selling on WazirX.

Ps: We must keep patience, and put the pressure on team and authorities in a valid manner rather than talking non-sense and let’s support them.

#cryptocurrency #english #wazirx

0

22.07.2024

2 ответов

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Sid Mag

There will be only one chanced to recoved and kepp run the wrx exchanged in futare that is wrx should surrender there exchanged to binanced when binanced involved in wrx cousterms didi not panic and going to run exchanged smoothly binanced only one exchanged that have power to takeover exchanged of wrx and ability to run smoothly wrx team kindly bid the exchanged to binanced thise solution 100 percent work you save all coustmer funds and your self kinday contact to binanced as earlier thise only way to save your self and coustmers ..☝️👍👍👍

0

1 месяц назад

Rose · Accepted Answer

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As per my analysis, It doesn’t seems they have any insurance

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