CoinVoice has recently learned that Indian cryptocurrency exchange CoinSwitch has announced the launch of a $69.9 million recovery fund, 'CoinSwitch Cares', aimed at assisting WazirX users who lost funds due to a cyberattack in July 2024.
As part of this program, CoinSwitch will allocate funds to affected users over the next two years to promote the development of India's crypto ecosystem. According to official data from CoinSwitch Cares, any users affected by the WazirX security breach can apply for funds through this program.
CoinSwitch states in its FAQ section: "Eligible users must provide proof of loss in the form of a WazirX loss statement, and you must provide your WazirX loss statement along with any other proof that CoinSwitch may request from time to time to verify your claim of loss." [Original link]