Indian cryptocurrency exchange CoinSwitch announced on Thursday that it will take legal action against rival WazirX to recover about 9.60 million dollars in assets trapped since WazirX suffered a $230 million cyber attack in July, in which WazirX lost about 45 percent of its funds. CoinSwitch said it had "no choice" but to take legal action as its attempts to recover the funds, which represent about 2% of its total assets, have been unsuccessful. WazirX is also facing a potential asset freeze in India as a result of a petition filed on August 3 asking the National Company Law Tribunal to investigate the company for possible fraud.