๐๐จ๐๐๐ฒ'๐ฌ ๐๐๐ณ๐ข๐ซ๐ ๐ก๐๐๐ค ๐ข๐ฌ ๐ฆ๐ฎ๐๐ก ๐ฐ๐จ๐ซ๐ฌ๐ ๐ญ๐ก๐๐ง ๐ฒ๐จ๐ฎ ๐ญ๐ก๐ข๐ง๐ค.ย
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A few hours ago, it was reported that WazirX had been hacked for $๐๐๐๐+ ๐จ๐ซ โน๐๐,๐๐,๐๐,๐๐,๐๐๐
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Given that WazirX is one of the top ๐ฎ๐ณIndian exchanges, its hack will have a negative impact on #crypto regulation.ย
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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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๐ต๐ข๐ก ๐กโ๐๐๐ ๐๐๐ ๐ ๐๐๐ค ๐๐๐ ๐ ๐๐๐ ๐ก๐๐.ย
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1๏ธโฃ No exchange is safe, no matter how big they are, so avoid keeping your long-term funds on exchanges.
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2๏ธโฃ FIU compliance doesn't guarantee security.
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3๏ธโฃ 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.
