Key Takeaways
- CoinSwitch launches a Rs 600 crore program to aid users impacted by the WazirX cyber attack.
- The program helps users recover losses, earn rewards, and re-enter the market with confidence.
- The CoinSwitch Cares initiative aims to support the growth of the Indian crypto community.
New Delhi: Crypto platform CoinSwitch on Tuesday announced a Rs 600 crore program to aid users impacted by the alleged cyber attack on WazirX in July 2024.
“The program aims not only to give users an opportunity to recoup losses but also to ensure the growth of the Indian crypto community. Affected users can recover losses, earn rewards, and re-enter the market with confidence through this community-focused initiative,” the company said in a media release.
The crypto firm said that users can visit the ‘CoinSwitch Cares’ portal to estimate recovery, deposit funds, and claim rewards.
“At CoinSwitch, we believe in putting users first. CoinSwitch Cares is our way of supporting the Indian crypto community during challenging times while fostering long-term growth.
As an industry leader, we wanted to do our bit to help the ecosystem, especially now, when the market has picked up. We don’t want crypto investors in India to miss opportunities. This program is an important step to rebuild what was lost,” said Ashish Singhal, co-founder, CoinSwitch.
