WazirX moved $74 million in crypto to global exchanges: CoinSwitch

CoinSwitch co-founder and chief executive Ashish Singhal has alleged that WazirX moved nearly $73.63 million in users’ cryptocurrency assets to global exchanges Bybit and KuCoin after it had suffered a major cyber attack in July.

“By scanning through these wallets, we have observed a large chunk of Wazirx crypto has been moved to exchanges such as Bybit and Kucoin post the incident. As of now, we have identified the movement of $72.13 million worth of crypto to Bybit and $1.5-million funds to Kucoin,” Singhal said.