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Hey I am on Medial • 6m

CoinSwitch CEO Ashish Singhal announced the “CoinSwitch Cares” program on Tuesday, introducing a ₹600 crore recovery plan for WazirX users affected by the July 2024 cyberattack. The hack impacted over 4.4 million users, causing a total loss of ₹2,000 crore ($234.9 million) in crypto funds.

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Considering Rs 500/year on average. 280 million users × ₹500/year = ₹140,000,000,000 = ₹14,000 crore That’s $1.7 Billion in ARR

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