WazirX set to restart trading after year-long $235 Mn hack

WazirX will restart its cryptocurrency trading operations on October 24, 2025, after a 16-month shutdown. 

As per an official post by WazirX, the reopening follows a Singapore Court-approved restructuring plan that allows the exchange to resume services and settle user claims.

The platform will begin with zero trading fees for crypto-to-crypto and USDT/INR pairs. The move is aimed at reactivating user accounts and restoring transaction volumes on the exchange.

According to the company, the restructuring process received approval from over 95% of creditors, both by number and claim value. WazirX will implement the plan under the supervision of the Singapore Court to manage liabilities and resume full-scale trading operations.

The company has partnered with BitGo to provide custodial and security services for its digital assets. This will allow users to store crypto holdings through an institutional-grade custody solution.

WazirX had halted operations in mid-2024 following a security breach that led to losses of about $235 million. The exchange has since undergone an internal review and restructured its management and compliance functions.

Under the new structure, WazirX will focus on exchange operations, custody management, and compliance in regulated markets. It plans to rebuild its market presence and expand the range of supported tokens and trading pairs in the coming months.

The company said all user balances will be migrated securely before trading resumes. Deposits, withdrawals, and fiat conversions will reopen in phases following the resumption of trading on October 24.