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Indian cryptocurrency exchange CoinSwitch has launched a recovery program worth INR 600 crore (approximately $70 million) aimed at users of WazirX who were affected by a cyberattack in July 2024. The initiative is part of CoinSwitch's strategy to attract WazirX's user base, which numbers around 4 million. The recovery fund will be distributed over a two-year period, providing affected users with the opportunity to recoup their losses. The program includes sign-up bonuses and rewards to incentivize participation.
COINSWITCH GETS SLICK WITH $70M RECOVERY FUND FOR WAZIRX HACK VICTIMS Indian crypto exchange CoinSwitch just launched a $70M recovery fund for WazirX victims, going all-in to capture some of their 4M users. The program’s offering sign-up bonuses and rewards, but you’ll need to… https://t.co/QlcclYJpBf
COINSWITCH LAUNCHES $70M RECOVERY FUND FOR WAZIRX HACK VICTIMS In an effort to expand its user base, Indian cryptocurrency exchange CoinSwitch has introduced a $70M recovery fund for WazirX users affected by last year’s cyberattack. The company plans to distribute funds over… https://t.co/KvlpKfTWbS
[𝕏] CoinSwitch launches $70M recovery fund for WazirX hack victims, plans two-year distribution timeline
