Two Months to WazirX Hack: Why Crypto is a Hush Hush Affair in India
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Sep 18 2024WazirX Hack and User Protests: Two months after the WazirX cryptocurrency exchange hack resulting in a loss of Rs 2000 crore, user funds remain suspended while users protest against management's lack of accountability and demand investigations into potential insider involvement.
Regulatory Challenges and Future Prospects: Despite India's leading position in global crypto adoption, regulatory uncertainty and government apathy hinder mainstream acceptance; however, an upcoming policy paper may clarify regulations and improve perceptions of cryptocurrencies in India.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
