going to impact Dovu’s operations in India at all?
It was the biggest exchange in India… Indians have low trust anyways and our government is hell bent on eradicating crypto and discouraging Indian investors investing in risky asset classes…
This is an overblown statement. First of all, it is not bankrupt. Secondly, as far as I know, it is solely one of their wallets. Is it bad? Yes. Will it have an impact on the cryptocurrency industry? Yes. Will it be temporary? Yes. As far as I know, they were pretty profitable - so, I wouldn't be surprised if they are able to refund the users, possibly through an IOU or some sorts (assuming they do not have 200M liquid - also, its likely that some of the funds will be retrieved through freezing - yay centralization 😂)
Agreed boss! Do absolutely appreciate your insights though, do not take me wrong :)
Its looking like it was the North Korea hackers called Lazarus
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