WazirX, one of India’s largest bitcoin and cryptocurrency exchanges, has crashed. On investor concerns, the founder and CEO of WazirX tweeted several tweets saying that the servers had crashed and it would take some time to fix them. Shetty tweeted that he has touched the internal limit set by one of his infrastructure providers. He is working with her to raise her as much as possible. Please wait till this is resolved.
When WazirX started trending on Twitter with a flood of mimes with panicked investors, Shetty wrote that when one part of the system goes bad, all services are affected. It will take some time to get things back to the level at which they work. Please be patient, he will be back soon. The team is working on it.
Earlier on Sunday, Shetty tweeted that WazirX has crossed $ 270 million in 24-hour trading volume. He claimed that it is the highest trading volume by any cryptocurrency in India at any given time. According to Exchange Crash, he said that no matter how much you prepare for traffic, some system loads are different. Yes, wallet is safe. The load on our system is too high. Scaling is taking a long time.