On January 8, Indian cryptocurrency trading platform CoinSwitch announced the launch of a $69.9 million WazirX hacker attack recovery fund “CoinSwitch Cares” to help WazirX users who lost funds due to a cyber attack in July 2024.

As part of the program, CoinSwitch will distribute funds to damaged users over two years to promote the development of India’s crypto ecosystem. According to official data from CoinSwitch Cares, any user affected by the WazirX security breach can apply for funds through the program.

CoinSwitch stated in its FAQ section: “Eligible users must provide proof of loss in the form of a WazirX loss statement. You must provide your WazirX loss statement and any other proof that CoinSwitch may request from time to time at its sole discretion to verify your claim of loss.”

More Information available in: www.cooldragon.io