𝐓𝐨𝐝𝐚𝐲'𝐬 𝐖𝐚𝐳𝐢𝐫𝐗 𝐡𝐚𝐜𝐤 𝐢𝐬 𝐦𝐮𝐜𝐡 𝐰𝐨𝐫𝐬𝐞 𝐭𝐡𝐚𝐧 𝐲𝐨𝐮 𝐭𝐡𝐢𝐧𝐤. 

A few hours ago, it was reported that WazirX had been hacked for $𝟐𝟑𝟎𝐌+ 𝐨𝐫 ₹𝟐𝟎,𝟐𝟒,𝟎𝟎,𝟎𝟎,𝟎𝟎𝟎

Given that WazirX is one of the top 🇮🇳Indian 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.

𝐵𝑢𝑡 𝑡ℎ𝑒𝑟𝑒 𝑎𝑟𝑒 𝑎 𝑓𝑒𝑤 𝑙𝑒𝑠𝑠𝑜𝑛𝑠 𝑡𝑜𝑜. 

1️⃣ No exchange is safe, no matter how big they are, so avoid keeping your long-term funds on exchanges.

2️⃣ FIU compliance doesn't guarantee security.

3️⃣ 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.