My personal thoughts on this-
Look as an Indian living abroad, I hate that this happened, cause I do want to see this space expand and be adopted back home.
Indians understand the stringent governmental regulations around crypto in India, this hack gives the govt. something to poke at, in the name of keeping investors safe.
Fact is if you’ve been in crypto long enough you know the saying not your keys not your crypto, nonetheless for those that intended to keep their funds safe with the hope of keeping it longterm are definitely going to have their faith broken in this space.
The narrative of crypto being a scam continues. This is possibly going to propel adoption backwards.
Sad day.
Also this is the exact reason why security is of the utmost importance, check out our video on security measures in this space🔽
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