For more than four hours on Sunday, WazirX, a major Indian Crypto exchange experienced disruptions that were caused system failures.
The Crypto exchange hit some internal limits, set by one of the infrastructure providers as tweeted by Nischal Shetty, the CEO of Wazirx.
A ripple effect on all services was created because of the load on the system of Wazir’s and which there was no funds in the account of the 1.8 million users during the outage.
The Ceo of Wazirx assured that they will start showing when the services are restored because it was not caused by malfunctioning of one of such system that shows value.
Though trading was disabled but users can see their value in their accounts and also they cancelled orders.
Shortly before the outage occurred, the exchange was experiencing all-time high traders across its system, as reported by Siddharth Menon WazirX co-founder and chief operating officer.
Also the crypto exchange is one of the largest in India, because it has seen more than $270 million in trading volume. Also more than 160% increase in price of Wazirx native WRX token has reached $4.14. as announced by Shetty.