1/🧵The $230 million theft at WazirX is a significant event in the crypto world. It’s a wake-up call for the Web3 ecosystem in India. The stolen funds are being recovered and a bounty program has been launched.
1/🧵The $230 million theft at WazirX is a significant event in the crypto world. It’s a wake-up call for the Web3 ecosystem in India. The stolen funds are being recovered and a bounty program has been launched.
2/🧵WazirX has informed CERT-In and the Financial Intelligence Unit, proving that centralized authorities still play a role in the decentralized world of crypto. It’s a reminder that regulations matter.
3/🧵For regular users, this situation is unsettling. While WazirX promises to resolve the issue, past promises in the crypto world haven't always been kept. It’s a chance for WazirX to demonstrate leadership in crisis management.
https://inleo.io/@serenecounsel/wazirxs-230-million-hack-6ru