Should investors continue to invest in cryptos after massive hack

Should investors continue to invest in cryptos in the light of massive hack—What is the way forward?

Amid a range of crypto frauds and scams, digital currency investors are increasingly becoming circumspect. Investors are riding between the waves of hope and fear with one of the two gaining prominence from time to time

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Ambitious investors with high-risk appetite tend to opt for cryptocurrencies to make quick returns and at times – to make huge returns in the long run. Sadly, from time to time, some fraud here, and another hack there shakes the boat to such an extent that cryptocurrencies as an investment instrument get a bad name and are seen as a hot potato, particularly for retail investors.

Last month WazirX, a leading crypto exchange in India, saw a massive security breach leading to the loss of over $230 million, which accounted for 45 percent of customers’ funds.