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RE: The India List: July 2024

in Hive Statistics4 months ago

Actually, India's biggest exchange wazirx is hacked yesterday. I feel bad for Indians whose funds are stuff there. I don't step on CEXs so I am not personally affected but these sort of instances really put crypto people off.

Its hard for them.

I just read that there funds can't be transfered to international exchanges, it will stay in wazirx wallet.

So, that multi sign wallet got hacked somehow, provably North Koreon hackers are involved.

And user funds in that exchange is locked and is falling down, even if their value is high and gone up in actually in coingecko and all...

Na... I don't think Indias being in India in straight forward manner and engage in crypto... I am a true crypto enthusiast so, it's different, but for others na... its hard.

Regulations have to relax and people should be free to custody their funds outside, put into other exchanges, else its like caging us, that's what happened.

Glad I don't use CEXs...not a investor anyway... I only write and post articles and study crypto.

Wazix hack -

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I don't keep anything in exchanges. They are big targets. Hive makes it ready to run your own wallet and earn from it.