🚨🚨📌 WazirX Emergency Update ‼️⚠️🚨

WazirX Hack: Lessons Learned and Crypto Regulation Impact

*Breaking News:* WazirX, one of India's top exchanges, has been hacked, resulting in a loss of $230M+

*Impact on Crypto Regulation:*

- Stricter regulations expected in India

- Clampdown on crypto industry may affect Indian traders

*Lessons Learned:*

1️⃣ *No exchange is completely safe*: Avoid keeping long-term funds on exchanges, no matter how big they are.

2️⃣ *FIU compliance doesn't guarantee security*: Even with compliance, exchanges can still be vulnerable to hacks.

3️⃣ *Indian exchanges lag behind foreign exchanges*: In terms of security, liquidity, and trust, Indian exchanges still have a long way to catch up.

*Current Status:* Withdrawals suspended on WazirX. Hoping the team finds a solution to return customers' funds.

🔔 Stay informed with Kaleem's Crypto Mehfil !

KCM: Connecting Crypto Minds, Har Roz! 🔗

✅ Like 👍 | Comment 💬 | Retweet 🔁 |

Follow me for more updates! 👉 @Kaleem Crypto Mehfil KCM

Let's keep the conversation going! 💬

#KaleemsCryptoMehfilKCM #wazirX #exchange #HackerNews #BinanceTournament $WRX