It's not about the token being scam or team being fraud. But simply that if Indian Govt. totally bans crypto, then it will be a problem for WazirX team which will obviously transfer to the coin also.
I read wazirx was acquired by binance which means they are no more legally bind with India government. So, I believe they transfer or do anything as per their wish regardless of whatever laws/restrictions India government will be bringing up. In my understanding wazirx is now an international exchange under the binance umbrella. So, do not need to worry about any India government or its federal banks's restrictions.
Wazirx is one of the Indian cryptocurrency projects supported by Binance so it is only expected for it to skyrocket.
It was an Indian project but not any more. Binance is not supporting wazirx exchange but they have bought it to own in all means. Binance is the sole owner of wazirx and its operation hence wazirx is no more an India based project but its operation is still focusing on crypto users of India.