đđšđđđČ'đŹ đđđłđąđ«đ đĄđđđ€ đąđŹ đŠđźđđĄ đ°đšđ«đŹđ đđĄđđ§ đČđšđź đđĄđąđ§đ€.Â
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A few hours ago, it was reported that WazirX had been hacked for $đđđđ+ đšđ« âčđđ,đđ,đđ,đđ,đđđ
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Given that WazirX is one of the top đźđłIndian exchanges, its hack will have a negative impact on #crypto regulation.Â
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The regulators will now clamp down on the crypto industry even harder, which could make it difficult for Indian traders.
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đ”đąđĄ đĄâđđđ đđđ đ đđđ€ đđđ đ đđđ đĄđđ.Â
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1ïžâŁ No exchange is safe, no matter how big they are, so avoid keeping your long-term funds on exchanges.
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2ïžâŁ FIU compliance doesn't guarantee security.
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3ïžâŁ Indian exchanges are still way behind foreign exchanges in terms of security, liquidity, and trust.
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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.