WazirX, one of India’s leading cryptocurrency exchanges, is set to restart trading on October 24, 2025, marking its return to operations after a 16-month suspension following a massive $235 million security breach.
The relaunch comes under a Singapore Court-approved restructuring plan that received backing from over 95% of creditors by both number and claim value. The plan enables WazirX to resume services, settle user claims, and restore trading functionality in a phased manner.
As part of its comeback strategy, the platform will offer zero trading fees on crypto-to-crypto and USDT/INR pairs, an incentive aimed at reactivating dormant user accounts and boosting transaction volumes.
In a bid to strengthen its security infrastructure, WazirX has partnered with BitGo, a leading digital asset custodian, to manage custody and safeguard user holdings through institutional-grade solutions.
The exchange had halted operations in mid-2024 after a significant hack exposed vulnerabilities in its systems. Since then, WazirX has conducted an internal audit, restructured its management, and overhauled its compliance framework to align with global standards.
Under its new structure, the company plans to focus on exchange operations, custody management, and regulatory compliance, while gradually expanding its token listings and trading pairs.
According to the official statement, all user balances will be securely migrated before the trading relaunch, with deposits, withdrawals, and fiat conversions reopening in phases.
With this relaunch, WazirX aims to rebuild user trust and reestablish its position as a major player in India’s evolving digital asset ecosystem.
