After $230M Cyberattack, WazirX Announces Friday Resumption of Trading

WazirX to Resume Trading Friday After $230M Hack and Year-Long Freeze

WazirX, India’s oldest cryptocurrency exchange, will reopen on October 24, more than a year after a $230 million security breach froze assets, halted withdrawals, and left thousands of users and creditors in limbo.

The relaunch follows a Singapore High Court–approved restructuring under WazirX’s parent company, Zettai Pte. Ltd., which received near-unanimous creditor approval earlier this year. The process included insolvency proceedings, forensic audits, and migration planning, paving the way for token distributions and Recovery Tokens to go live alongside the restart.

Initially, trading will be available on select markets, including crypto-to-crypto pairs and USDT/INR, with zero trading fees under a “Restart Offer.” To rebuild trust, WazirX has partnered with BitGo for institutional-grade, insured custody of assets.

While the relaunch represents a major milestone, restoring confidence after last year’s collapse remains a central challenge for India’s retail crypto market.