Ashish Singhal, the co-founder of Indian cryptocurrency exchange CoinSwitch, has accused rival exchange WazirX of transferring $75 million worth of user funds to global exchanges Bybit and KuCoin following a cyberattack in July 2024. Singhal made the allegation as CoinSwitch released a public dashboard tracking wallet activities based on WazirX's recent wallet disclosure. WazirX recently filed an affidavit in the High Court of Singapore, revealing over 240,000 wallet addresses as part of its debt restructuring efforts. CoinSwitch's dashboard showed that $72.13 million in crypto had been transferred to Bybit and $1.5 million to KuCoin. The July cyberattack on WazirX compromised $230 million worth of assets.



Other News from Today