CoinSwitch To File Lawsuit Against WazirX To Recover Stuck Funds

CoinSwitch To File Lawsuit Against WazirX To Recover Stuck Funds

SUMMARY

CoinSwitch said that it will be initiating a legal action against the crypto exchange to recover 2% of its trapped funds

The company cumulatively held INR 12.4 Cr and INR 28.7 Cr in ERC20 tokens, and INR 39.9 Cr in other tokens on WazirX

WazirX experienced a major security breach on July 18, resulting in withdrawals of approximately $234.9 Mn during the early European hours

Days after WazirX experienced $230 Mn crypto heist, cryptocurrency platform CoinSwitch said that it will be initiating a legal action against the crypto exchange to recover 2% of its trapped funds.

CoinSwitch said in a blogpost on Wednesday (August 28) that it cumulatively held INR 12.4 Cr and INR 28.7 Cr in ERC20 tokens, and INR 39.9 Cr in other tokens on WazirX.

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