Overview

• 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.