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.