Crypto Chaos: Court Confirms CoinSwitch’s Right to Reclaim ₹62 Crore Stolen in WazirX Hack!
On the fateful day of October 9, 2025, Justice Sundaresan scoffed at the feeble attempts of WazirX’s parent company, Zanmai Labs, to challenge an earlier arbitration edict. “Oh, do try harder!” seemed to be the unspoken message. The court reaffirmed that CoinSwitch (yes, that’s Bitcipher Labs, for those of you following along at home) had every right to secure its frozen fortunes-holdings amassed like a dragon hoarding gold-following the cataclysmic cyber-attack back in July 2024, which some say was worth more than the very social fabric of the crypto market at $234 million.


