Is WazirX safe and legal in India?

WazirX, an Indian cryptocurrency exchange, recently faced a major hack leading to a loss of over $230 million. The exchange has been under scrutiny for its security measures and legal standing in India, especially after being cut off by Binance due to alleged money laundering issues. WazirX's handling of the hack, including a controversial recovery plan, has further raised questions about its safety and legality.