Users Barred from Legal Proceedings for 60 Days
Understanding the Aftermath: Navigating Through WazirX's Policy Maze After a Major Hack The online world of cryptocurrency recently witnessed a staggering event as a major Indian cryptocurrency exchange faced an enormous security breach, resulting in the loss of over $230 million in cryptocurrencies This incident has not only shaken the trust of its users but has also brought to light a critical aspect buried within the exchange's user agreement that significantly impacts affected users' pursuit of justice The Waiting Game Begins In an unexpected twist, it has come to light that those impacted by the devastating hack must undergo a mandatory 60-day cooling period before they can initiate any legal proceedings against the exchange This requirement is part of the exchange's privacy policy, which was last updated in March 2019 It lays out a set of stringent conditions for liability and dispute resolution in the event of significant security compromises...
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