WazirX has implemented a Singapore-backed restructuring plan to recover from its July 2024 $235 million cyberattack.
CoinSwitch expects it will take two years to distribute $70 million in recovery funds to WazirX users who lost money due to an alleged cyberattack last year.
India’s crypto community has shown resilience to harsh taxation requirements, with its crypto ecosystem gaining momentum, although not at its full potential.