This is bad news in the front of an already crumbling crypto sector in India. The hackers know that they can hit exchanges and come out with billions.

It would be interesting to see if the legal approach would take any effect on the existing pea-brained politicians about their approch to cryptocurrencies and the public outcry that will happen.

Never store coins on exchanges, something that I cant emphasize enough. Unfilled trades will get affected, you cant do anything about those in such cases.