The Indian cryptocurrency exchange, CoinSwitch, has recently announced its plan to file a lawsuit against its competitor, WazirX, with the aim of recovering assets worth roughly $9.6 million that were locked due to a major cyber-attack in July. This attack resulted in a loss of approximately 45% of WazirX's total assets, amounting to about $230 million. CoinSwitch has emphasized that, despite extensive attempts to recover these funds through direct dialogue and negotiations, no tangible results have been achieved. Consequently, in order to protect its rights and regain possession of this asset, CoinSwitch has decided to take legal action. Additionally, it should be noted that WazirX is also currently grappling with the risk of potential asset freezing arising from a petition submitted on August 3rd, which calls for an investigation into possible fraudulent actions by WazirX.