WazirX Hack Drives Crypto Exodus as it Relocates to Panama

The Indian cryptocurrency exchange WazirX, once a key player in the rapidly growing Indian cryptocurrency market, is navigating a storm of challenges following a major hack. This incident has led the company to strategically relocate its operations to Panama, attempting to escape the increasingly stringent regulatory pressure in Singapore. The resulting consequences for crypto India are already significant and raise questions about investor protection and the overall future of the industry.