๐๐๐ณ๐ข๐ซ๐ ๐ก๐๐๐ค ๐ข๐ฌ ๐ฆ๐ฎ๐๐ก ๐ฐ๐จ๐ซ๐ฌ๐ ๐ญ๐ก๐๐ง ๐ฒ๐จ๐ฎ ๐ญ๐ก๐ข๐ง๐ค.
A few days ago, it was reported that WazirX had been hacked for $๐๐๐๐+ ๐จ๐ซ โน๐๐,๐๐,๐๐,๐๐,๐๐๐
Given that WazirX is one of the top ๐ฎ๐ณIndian exchanges, its hack will have a negative impact on #crypto regulation.
The regulators will now clamp down on the crypto industry even harder, which could make it difficult for Indian traders.
๐ต๐ข๐ก ๐กโ๐๐๐ ๐๐๐ ๐ ๐๐๐ค ๐๐๐ ๐ ๐๐๐ ๐ก๐๐.
1๏ธโฃ No exchange is safe, no matter how big they are, so avoid keeping your long-term funds on exchanges.
2๏ธโฃ FIU compliance doesn't guarantee security.
3๏ธโฃ Indian exchanges are still way behind foreign exchanges in terms of security, liquidity, and trust.
Right now, the withdrawals have been suspended on #WazirX
I'm hoping that the team will come up with a solution to return customers money.
If u still holding your crypto on exchanges, no one can help u..
#BTCโ #ETH๐ฅ๐ฅ๐ฅ๐ฅ #ETHETFsApproved #BinanceTournament #BinanceTurns7
