CoinSwitch Sues WazirX Over $9 Million in Trapped Funds After Cyber Attack

CoinSwitch, an Indian cryptocurrency exchange, is suing rival platform WazirX to recover trapped funds after a cyber attack resulted in $230 million worth of digital assets being stolen. CoinSwitch has around $9.65 million worth of assets stuck on WazirX's platform, representing about 2% of its total assets. The lawsuit highlights the challenges faced by India's cryptocurrency industry, including regulatory uncertainty and security concerns.