KEY POINTS
- WazirX is at center of July's losses, accounting for $230 million of the industry's total monthly losses
- Some industry experts have accused WazirX of lacking transparency and effort toward fund recovery
- The exploit trend "calls for proper security provisions and education for users": Chimp Exchange's Akshay Nassa
July saw one of the biggest losses in the cryptocurrency industry following over a dozen exploits, including the staggering $230 million hack into Indian crypto exchange giant WazirX.
