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Pushpendra Singh flags ₹150 cr Raj Kundra crypto scam, urges action on WazirX
Pushpendra Singh highlights a ₹150 Cr crypto scam involving Raj Kundra, questioning the lack of urgent action by Indian authorities on WazirX.
Singh criticizes WazirX for locking millions of users' funds while allegedly spending resources on PR strategies instead. He emphasizes the need to prioritize investor protection over shielding those involved in scams. As the backlash against the cryptocurrency exchange grows, calls for regulatory intervention are mounting, underscoring concerns about investor safety in the volatile crypto landscape.
The ongoing scrutiny of crypto exchanges comes amid persistent concerns that India may forfeit its position as a digital assets hub to more proactive markets such as Dubai and Singapore—a theme explored in the assessment of how regulatory delays could result in India losing crypto leadership. In this context, recent allegations not only raise immediate questions about investor protection, but also reflect broader patterns reminiscent of past volatility, such as the anticipated A47 breakout amid Bitcoin’s stabilization.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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