WazirX faces flak over handling of $230-million crypto heist

Indian cryptocurrency exchange WazirX is facing a backlash from social media users following a major data breach. Hackers have stolen over $230 million in investor holdings—nearly half of the platform’s estimated reserves.

Sumit Gupta, cofounder of CoinDCX, expressed his concerns on X, urging WazirX to rethink its approach to managing the situation. He warned that the incident could also negatively impact participation in the broader crypto ecosystem.