Safe

WazirX

Coin

<ul class="wp-block-list news-points"> 
 <li>Pi42, an Indian crypto perpetuals trading firm, claims to be safer from WazirX.</li> 
 <li>Pi42 and WazirX have the same co-founder, Nischal Shetty.</li> 
 <li>WazirX was hacked on July 18 after its Safe Multisig wallet on ETH was compromised</li> 
</ul> 
In the wake of WazirX’s $230 million security breach, the newly launched Pi42, India’s first crypto perpetuals platform, is leaning on its focus to safety. 
Co-founded by WazirX’s own Nischal Shetty and Avinash Shekhar, Pi42 wants to distinguish itself as handling only Indian Rupees (INR) and offer crypto-INR futures trading with no direct crypto custody. The platform has set itself up with a long-term goal to reach 20 million Indian crypto investors. 
Shekhar <a href="https://x.com/IndiasCrypto/status/1823383386599071778" target="_blank" rel="nofollow">addressed</a> about the safety of customer deposits on the exchange, adding that the firm does not keep the digital assets of the customers with them. However, during the “Ask Me Anything,” session, Shekar was seen dodging the questions related to&nbsp; WazirX halting withdrawals and added: 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 “They are two totally different companies and in terms of safety, we do not deal in crypto. We don’t keep customer’s crypto with us, what we have is customer’s Indian Rupees (INR) and obvious…
</blockquote>
The post <a href="https://coinedition.com/after-wazirx-hack-pi42-offers-safer-crypto-trading-in-india/">After WazirX Hack, Pi42 Offers ‘Safer’ Crypto Trading in India</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

After WazirX Hack, Pi42 Offers ‘Safer’ Crypto Trading in India

Coin Edition

Other articles published on Aug 14, 2024

A Trump administration could be the turning point for crypto: expert

Solana ETF Approval and PayPal’s Stablecoin Boost Sparks Hopes for SOL Rally to $175

Crypto.com Secures Global Partnership with UEFA Champions League

Bitcoin Transactions from Mt.Gox Spark Hope in Creditors

Pump.fun dumps 222K Solana in 3 months

Bitcoin Price Analysis: Is $64K Next for BTC or is a Crash Toward $56K More Likely?

Join our free newsletter for daily crypto updates!