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Its net loss expanded to Rs 333.1 crore in FY25 from Rs 160.3 crore in the previous fiscal.
The programme offers affected users an opportunity to recoup losses -- where they can estimate recovery, deposit funds and earn rewards.
Coinswitch parent PeepalCo's losses came down by 65% to Rs 151.4 crore ($18.13 million) in FY24 against Rs 434.2 crore in the previous year.
The alleged transfer included $72.13 million to Bybit and $1.5 million to KuCoin, Coinswitch co-founder Ashish Singhal posted on social media.
