What is the penalty for WazirX?

Could you please elaborate on the potential penalty that WazirX may face? Are there any specific regulations or laws that they have violated, and what are the consequences of such violations? Is there a range of penalties that they could face, or is there a set fine or punishment that is typically imposed in such cases? Additionally, are there any previous examples of similar penalties imposed on other cryptocurrency exchanges? It would be helpful to have a clear understanding of the potential consequences for WazirX and the broader implications for the cryptocurrency industry.