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WazirX Might Face Lawsuit from CoinSwitch for Nearly $10 Million in Trapped Funds

Coinpedia LogoCoinpedia3d ago

WazirX Might Face Lawsuit from CoinSwitch for Nearly $10 Million in Trapped Funds - Coinpedia

Quick Summary:

This legal battle underscores the growing challenges in India’s crypto industry, which is already strained by regulatory uncertainty and security issues.

Why we’re forced to take legal action against WazirX?

The WazirX incident, the country’s largest crypto heist, has further shaken trust in the sector.

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WazirX Might Face Lawsuit from CoinSwitch for Nearly $10 Million in Trapped Funds - Coinpedia (Picture 1)WazirX Might Face Lawsuit from CoinSwitch for Nearly $10 Million in Trapped Funds - Coinpedia (Picture 2)

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Article Details

Author / Journalist: Elena R

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-28 @ 12:27:39 (3 days ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 268 words

Reading Time: 2 minutes read

Sentences: 24 lines

Sentence Length: 12 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 22290986

View Article Analysis

About Coinpedia

Coinpedia Logo

Main Topics: Crypto

Official Website: coinpedia.org

Update Frequency: 12 posts per day

Year Established: 2016

Headquarters: United States

News Last Updated: 13 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #112

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "WazirX Might Face Lawsuit from CoinSwitch for Nearly $10 Million in Trapped Funds" has 268 words across 24 sentences, which will take approximately 2 - 3 minutes for the average person to read.

Which news outlet covered this story?

The story "WazirX Might Face Lawsuit from CoinSwitch for Nearly $10 Million in Trapped Funds" was covered 3 days ago by Coinpedia, a news publisher based in United States.

How trustworthy is 'Coinpedia' news outlet?

Coinpedia is a fully independent (privately-owned) news outlet established in 2016 that covers mostly crypto news.

The outlet is headquartered in United States and publishes an average of 12 news stories per day.

It's most recent story was published 13 hours ago.

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  • News ID: #22290986
  • URL: https://beamstart.com/news/wazirx-might-face-lawsuit-from-17248484382892

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