Millions stolen from WazirX!

[ContentExpert]

is it a wallet or an exchange?

Read the headline in the image.

 

[Seo_Godfather]

Read the headline in the image.

Thank you
Keeping money on exchanges is always risky

 

[Vikamark]

Looks very sad. Now a days, it is getting pain to store crypto in the merchant's site. This is why i use crypto in self hosted wallets. So i never get stolen.

 

[Siddhant654321]

Always told this multiple times to my friends and family members - Not your keys, not your crypto. Also, this hack could have been an insider because the wallet that was hacked is a multi sig wallet, meaning you need more than one keys to do certain tasks with it, including sending money to someone else. So hackers needed to hack multiple keys (which is technically not possible. If you know how blockchain works and how secure these wallets are). If it wasn't an insider, than the keys must have been poorly managed and were hacked through social engineering or getting into their own system (like database) where they stored the keys probably.

 

[Evatinob]

This is what I was doing on WazirX so far. Used to cost me a lot in terms of TDS and fees but it was a good way to safely convert USDT to fiat.

P2P selling would have meant possibility of scam money hitting my bank account.

IDK where I would be able to convert crypto to fiat now.

To convert crypto to fiat, have you tried Binance or Paxful?

 

[Deleted member 1603965]

To convert crypto to fiat, have you tried Binance or Paxful?

They do not allow crypto to be sold on their exchange for fiat.

You can only do P2P. Which is risky as scammers like to convert their dirty money into USDT/ other coins.

 

[xReminisce]

Another reason why money shouldn't be left in exchangers

Willing to wager it got hacked cuz some sped higher up employee(s) decided to install stupidity shit on their devices

 

[Deleted member 1603965]

Another reason why money shouldn't be left in exchangers

Willing to wager it got hacked cuz some sped higher up employee(s) decided to install stupidity shit on their devices

Is trustwallet any good?

I am thinking about using it to store my funds.

 

[xReminisce]

Is trustwallet any good?

I am thinking about using it to store my funds.

It's fine, I use it personally.
Although, it was acquired by Binance back in 2018 but it is separated from their own exchanger wallets.

 

[Evatinob]

They do not allow crypto to be sold on their exchange for fiat.

You can only do P2P. Which is risky as scammers like to convert their dirty money into USDT/ other coins.

It seems P2P is safe when you transact on an escrow system, right?

 

[MoonStarz]

Well definitely this is the year for crypto for good with the btc bull run and bad because now is on every country and everyone else eyes, is unfortunate this happened and everyone loosing their money

 

[Rufai]

It seems P2P is safe when you transact on an escrow system, right?

Yes it's safe

 

[Shermy]

Not your keys, not your crypto, Looks like people didn't learn from FTX & Luna

 

[Evatinob]

Yes it's safe

Alright, I just wanted to confirm.

 

[PepeEnjoyer]

View attachment 361137

Thank God I always used to sell my crypto received from clients on WazirX for fiat.

Otherwise would have been so screwed right now.

always good to exit before they get liquidated kek