Rs 600-cr CoinSwitch initiative for crypto loss recovery

Hyderabad: CoinSwitch, India’s leading crypto platform with over 2 crore users, announces ‘CoinSwitch Cares,’ a groundbreaking Rs600 crore recovery program to aid users impacted by the alleged cyberattack on WazirX in July 2024.

“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.

The program aims not only to give users an opportunity to recoup losses but also ensure 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.