CoinSwitch Sues WazirX Over $9.7M in Stuck Funds Following $230M Hack

WazirX seeks court-approved moratorium to restructure liabilities and address user cryptocurrency balances.

WazirX lost $230 million in a July cyberattack, primarily affecting ERC-20 tokens.
CoinSwitch has filed a lawsuit to recover $9.7 million in assets trapped on WazirX's platform.
WazirX has requested a six-month moratorium from Singapore's High Court to develop a restructuring plan.
The exchange resumed partial withdrawals but faces ongoing user frustration and legal challenges.
WazirX is exploring partnerships to secure rescue financing and stabilize operations.