WazirX, an Indian cryptocurrency exchange, has filed for a moratorium in Singapore's High Court to address the fallout from a July hack that resulted in a loss of $230 million. The exchange is embarking on a 30-day moratorium as it restructures its crypto balances and seeks capital infusion from global exchanges. WazirX has set aside $12 million to cover legal costs and recovery efforts. However, legal advisers have indicated that customers are unlikely to recover their full crypto holdings, with estimates suggesting only 55-57% of funds may be returned. Rival exchange CoinSwitch has filed a legal case against WazirX to recover $9.6 million in funds deposited before the hack.