Yesterday's incident highlighted why the 🇮🇳#Indian crypto community prefers foreign exchanges over Indian exchanges.

On #CoinDCX , buying price of $PEIPEI: ₹0.031

Selling price of $PEIPEI: ₹0.000031

The buying price was almost 1000x higher than the selling price, which clearly indicates the lack of liquidity.

If that's not enough, their listed token #PEIPEI was the #scam token, which was already rug pulled in August.

The founder of real PEIPEI has confirmed that they have no affiliation with CoinDCX, which means they listed the scam one.

A lot of users have lost money; some can't sell due to bad liquidity, and a few are reporting incorrect amounts after selling.

India's biggest exchange is listing a token, and their team isn't even verifying??

That's why I also prefer global biggest exchanges like : #Binance. & I would prefer it to you also..