Crypto punters vent online over WazirX payment snag : vimars

Crypto punters vent online over WazirX payment snag


Crypto punters vent online over WazirX payment snag
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ETtech
Illustration: Rahul Awasthi
Since Saturday morning many traders could not place bets on India's largest crypto-currency exchange WazirX as they were unable to transfer funds to the bourse.
Annoyed punters took to social media and reached out to the exchange, WazirX which said that the delay in accepting funds was due to a "network issue at our banking partner's end." It promised that the money that was debited from traders' accounts would be credited back ASAP. 'Your funds are safe," assured the exchange.
A number of traders in India were keen to build new positions in the run up to Tesla chief and crypto supporter Elon Musk's appearance on 'Saturday Night Live' (SNL) a sketch comedy show on US television. "But, in a way it was a blessing in disguise. Traders everywhere had felt that Musk would talk up Dogecoin (one of the hottest crypto-currencies). In hindsight, a number of them were shielded from a dramatic dip in the value of Dogecoin after Musk called Dogecoin a "hustle"," said Anirudh Gotety, a Mumbai-based commercial lawyer.

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