Bitcoin’s trading pairs with the Indian rupee have fallen off a cliff. A whopping $100 million worth of SHIB was stolen from WazirX too, with the memecoin tanking in value.

Let’s be honest: hacks are a pretty routine occurrence in the world of crypto. Cybercriminals find security vulnerabilities with alarming regularity — stealing millions of dollars in the process.

That being said, audacious exploits involving centralized exchanges have become a little less common in recent years, especially those to the tune of hundreds of millions of dollars. And that’s what makes the recent events at WazirX so concerning.

This is India’s biggest crypto platform — and on its website, it wastes little time in declaring it’s “trusted” by more than 15 million people. But now, it’s out of pocket to the …