WazirX Customers Face Major Losses After $230M Heist

• WazirX customers unlikely to recover full funds after $234 million hack in July, says legal adviser.
• At least 43% of customer funds are unlikely to be recovered, with best case scenario being a return of 55% to 57%.
• WazirX seeks six months' protection from Singapore High Court while restructuring liabilities.
• Company in talks to share profit from revenue-generating products but no concrete details provided.
• Pressure mounts as CoinSwitch initiates legal action to recover $9.7 million worth of assets stuck on WazirX's platform.

Source: Techcrunch