CoinSwitch holds Rs 2514.91 crores in Proof of Reserves while dealing with the aftermath of WazirX’s $230-million cyber attack, which resulted in a 45% loss of its crypto holdings in July 2024. Currently, CoinSwitch is restructuring to assist affected users in recovering their funds and is pursuing legal action to reclaim 2% of its assets, totaling Rs 12.4 crore in INR, Rs 28.7 crore in ERC20 tokens, and Rs 39.9 crore in other tokens stuck with WazirX.
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