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What is your opinion on the startup ecosystem in the blockchain segment in India after the WazirX incident?

delta exchange is WazirX exchange

The Hell is going on 🔥 American cryptocurrency giant Binance has accused the WazirX team and its founder. Nischal Shetty, of "misleading" customers and the broader market about the nature of their relationship. "The WazirX team and Nischal Shetty

India’s Finance Ministry has ordered the Financial Intelligence Unit (FIU) to investigate WazirX for fraud, following the ₹2,000 crore hack that happened months ago. With over ₹4,500 crore in user funds at risk, criminal charges could be coming soon.

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Indian crypto exchange WazirX suffered a massive security breach. Web3 security firm Cyvers said WazirX suffered "multiple suspicious transactions involving Safe Multisig wallet on Ethereum network" following which "$234.9 million (around ₹1,965 cror

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So WazirX got hacked and hackers stole $230M crypto assets. They are actively converting the stolen assets into Ethereum.

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