Golden Finance reported that Indian cryptocurrency exchange CoinSwitch announced on X that it would take legal action against competitor WazirX to recover about $9.6 million in assets trapped since WazirX suffered a $230 million cyber attack in July. In the July hack, WazirX lost about 45% of its funds. CoinSwitch said it had "no choice" but to take legal action because its efforts to recover the funds (about 2% of its total assets) have been unsuccessful. WazirX also faces a potential asset freeze in India due to a petition filed on August 3 requesting the National Company Law Tribunal to investigate possible fraud by the company.