This is bad news in the front of an already crumbling crypto sector in India. The hackers know that they can hit exchanges and come out with billions.
It would be interesting to see if the legal approach would take any effect on the existing pea-brained politicians about their approch to cryptocurrencies and the public outcry that will happen.
Never store coins on exchanges, something that I cant emphasize enough. Unfilled trades will get affected, you cant do anything about those in such cases.
I don't think there's any law right now That's the main reason I hate the centralised exchange always decentralised is best as it's human nature if I do the mistake then it can be excused but if they can do the mistake it can't be excused ,
Better to be educated ourself diversified and these think can come up with risk
You are right storing coin in one place is really dangerous for everyone
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