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Tag: Common

Is Pi42 Really Safer than WazirX? Insight from Their Common Co-founder

Is Pi42 Really Safer than WazirX? Insight from Their Common Co-founder

In the rapidly evolving world of cryptocurrency, a recent security incident involving the WazirX crypto exchange, which lost Rs 2000 crore to hackers, has thrown the spotlight on the safety of digital currency platforms This event has particularly intensified scrutiny on Indian crypto exchanges, with investors seeking assurances about the security of their investments Amid this concern, a narrative is unfolding around Pi42 exchange, another Indian crypto platform, which claims to offer a "safer" alternative This claim was brought to attention during an "Ask Me Anything" session on 'X' (formerly known as Twitter), where Pi42's co-founder, Avinash Shekhar, attempted to differentiate the platform from others, including WazirX The Debate Over Safety Between Indian crypto Exchanges During the session, Shekhar asserted that Pi42 exchange operates differently from WazirX by exclusively dealing with Indian Rupees (INR) and not holding customers' crypto assets...

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