Insiders every time are the ones to blame.
Sadly the exchange situation in India is such that one person will always try to exit via this method.
2024 - Wazirx
2025 - CoinDCX
It seems Indian exchanges are getting targeted now, which implies there is an influx of users in exchanges as well and funds getting piled up here.
Dont store coins on exchanges, none of them are ever safe, wake up one morning and you see your coins in limbo - this should not happen to any of us.
One more exchanges look good from the outside. I am talking about Giottus Exchange. It is not known, as it was never promoted by the owners like the named Exchanges, who have promoted their exchanges through advertisement. When WazirX was hacked, there were stories from major news outlets, as one of the top 10 exchanges from India.