Foresight News reports that Indian cryptocurrency exchange CoinSwitch has announced a $69.9 million recovery fund called 'CoinSwitch Cares' to assist WazirX users who lost funds due to a cyber attack in July 2024. As part of this initiative, CoinSwitch will allocate funds to affected users over the next two years to help foster the development of India's crypto ecosystem. According to official data from CoinSwitch Cares, any user impacted by WazirX's security breach can apply for funds through this program. CoinSwitch stated 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.'