Over 2.6 million bitcoin in supply are currently at a loss, one of the highest levels this year.
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.
Binance will suspend all services involving the Nigerian naira later this week after facing issues with local financial regulators.
The embattled crypto lender has filed an intent to claw back funds from those who withdrew $100,000 or more in the three months before it declared bankruptcy.