What is the legal standing of WazirX following the $230 million wallet hack?

WazirX is coping with frozen funds, worried consumers, significantly lower holdings, and a compromised wallet hack. Consumers are awaiting clarification and compensation from the cryptocurrency exchange that asserted to be the biggest by volume in India. The website, which was formerly billed as the biggest cryptocurrency exchange in India based on traffic, is currently dealing with the fallout from a wallet hack that almost destroyed the value of its exchange assets.

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