WazirX to Reopen Friday After $230M Hack and Year-Long Shutdown
India’s oldest cryptocurrency exchange, WazirX, is set to resume trading on October 24, ending a year-long hiatus caused by a $230 million security breach that froze assets and blocked withdrawals.
The restart follows a Singapore High Court–approved restructuring under WazirX’s parent company, Zettai Pte. Ltd., which gained near-unanimous creditor approval. The process involved insolvency proceedings, audits, and migration planning, with token distributions and Recovery Tokens expected to launch alongside trading.
Initially, WazirX will open a limited set of markets, including crypto-to-crypto pairs and USDT/INR, with zero trading fees under a “Restart Offer.” To reinforce trust, the exchange has partnered with BitGo for institutional-grade, insured custody of assets.
Despite the relaunch, rebuilding user confidence after last year’s breach remains a key challenge.
