- WazirX resumes operations with a phased rollout and security upgrades.
- Trading fees waived for the first 30 days post-relaunch.
- Recovery tokens distributed to impacted users during WazirX recovery.
WazirX, once India’s leading cryptocurrency exchange by trading volume, is set to resume operations on October 24, 2025, following a sixteen-month hiatus caused by a massive cyberattack. The attack, which drained over $230 million, prompted the suspension of trading and withdrawals, affecting thousands of users.
The relaunch marks the end of a lengthy recovery process, including a restructuring approved by the High Court of Singapore and supported by nearly all creditors of Zettai Pte. Ltd., the parent company of WazirX.
The exchange has confirmed that trading will resume with select crypto-to-crypto pairs, including the popular USDT/INR pair. As part of the launch, WazirX is offering a “Restart Offer,” waiving all trading fees for the first 30 days to encourage users to return to the platform. The phased relaunch will span from October 24 to October 27, with 25% of tokens activated each day.
By October 27, the exchange aims to have fully restored its trading capabilities. During this period, users will be able to place orders starting at 10:00 AM IST, with live order matching commencing at 5:00 PM IST.
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A Phased Rollout to Ensure Smooth Operations
The phased approach to the relaunch is designed to ensure liquidity is restored safely while minimizing potential disruptions. At the time of the relaunch, only the USDT/INR pair will be active, with additional INR pairs being introduced in the following days.
The relaunch comes after a comprehensive review of WazirX’s security infrastructure. The 2024 cyberattack, attributed to North Korea’s Lazarus Group, exploited vulnerabilities in the exchange’s multi-signature wallets.
In response, WazirX has partnered with BitGo, a global digital asset custody provider, to implement institutional-grade protection and prevent future breaches.
Commitment to User Recovery and Trust
As part of the recovery process, WazirX has completed token swaps, delistings, and migrations, ensuring the platform is fully compliant with the approved restructuring. Creditors are expected to receive token distributions within 10 business days of the relaunch, along with the issuance of Recovery Tokens to users affected by the hack.
This cautious but promising return to normalcy underscores WazirX’s commitment to regaining the trust of its users and strengthening its infrastructure to ensure secure trading in the future.
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