{"id":12120,"date":"2025-10-23T14:42:54","date_gmt":"2025-10-23T14:42:54","guid":{"rendered":"https:\/\/cryptonewsdesk.com\/?p=12120"},"modified":"2025-10-23T14:42:58","modified_gmt":"2025-10-23T14:42:58","slug":"wazirx-set-to-relaunch-on-october-24-after-15-month-hiatus-following-230m-hack","status":"publish","type":"post","link":"https:\/\/cryptonewsdesk.com\/index.php\/2025\/10\/23\/wazirx-set-to-relaunch-on-october-24-after-15-month-hiatus-following-230m-hack\/","title":{"rendered":"WazirX Set to Relaunch on October 24 After 15-Month Hiatus Following $230M Hack"},"content":{"rendered":"\n

Indian crypto exchange WazirX<\/strong> is officially making its long-awaited comeback after more than a year of silence. The platform, once India\u2019s largest by trading volume, is set to resume operations on October 24<\/strong>, marking a major step in its recovery from a devastating $230 million cyberattack<\/strong> in 2024.<\/p>\n\n\n\n

WazirX Returns After 15 Months of Turmoil<\/h3>\n\n\n\n

The relaunch follows approval from the Singapore High Court<\/strong> for WazirX\u2019s restructuring plan under its parent company, Zettai Pte. Ltd.<\/strong>, which received an overwhelming 95.7% creditor support<\/strong>.<\/p>\n\n\n\n

In a post on its official X (formerly Twitter)<\/strong> account, the exchange confirmed that trading would reopen in phases, bringing an end to a 15-month period of uncertainty for its millions of users.<\/p>\n\n\n\n

The platform was forced to shut down in July 2024<\/strong> after a $230 million hack<\/strong>, reportedly orchestrated by North Korea\u2019s Lazarus Group<\/strong>. The breach crippled operations, froze user withdrawals, and led to a wave of lawsuits and regulatory investigations across India and Singapore.<\/p>\n\n\n\n

Zero-Fee Trading to Kickstart the Relaunch<\/h3>\n\n\n\n

As part of its comeback strategy, WazirX will offer zero trading fees across all markets<\/strong> to encourage users to return.<\/p>\n\n\n\n

The exchange plans a phased rollout<\/strong> of services between October 24 and October 27<\/strong>, gradually restoring functionality. Around 25% of tokens will be reactivated each day<\/strong>, with full trading operations expected to resume by October 27<\/strong>, in line with the 10-business-day recovery timeline approved by the court.<\/p>\n\n\n\n

Additionally, WazirX will begin distributing recovery tokens<\/strong> to compensate users impacted by the 2024 breach once trading resumes.<\/p>\n\n\n\n

To reinforce security, the platform has partnered with BitGo<\/strong>, which will provide insured custody<\/strong> of WazirX\u2019s digital assets a move aimed at rebuilding confidence among wary retail traders.<\/p>\n\n\n\n

\n

\u201cWe\u2019re focused on safety, transparency, and making WazirX stronger than ever,\u201d a company spokesperson said in a statement. \u201cOur priority is restoring trust and ensuring users feel confident about trading again.\u201d<\/p>\n<\/blockquote>\n\n\n\n

Rebuilding Trust After Crisis<\/h3>\n\n\n\n

WazirX\u2019s relaunch represents both a fresh start and a formidable challenge<\/strong>. The exchange\u2019s downfall in 2024 left a lasting mark on India\u2019s crypto landscape, prompting many users to migrate to offshore platforms.<\/p>\n\n\n\n

The hack wiped out nearly 45% of WazirX\u2019s $500 million in total holdings<\/strong>, pushing the company into insolvency. Over the past year, it has undergone forensic audits, system migrations, and extensive legal reviews<\/strong> to rebuild operations.<\/p>\n\n\n\n

Now, with regulatory clearance and a revamped security infrastructure, the exchange faces the critical task of regaining user confidence<\/strong>. Analysts note that while the relaunch could reignite activity in India\u2019s dormant crypto sector, WazirX must prove that its new systems can prevent future breaches.<\/p>\n\n\n\n

\n

\u201cThe comeback is encouraging, but Indian traders have long memories,\u201d said a Mumbai-based blockchain analyst. \u201cSecurity and transparency will decide whether WazirX can truly reclaim its throne.\u201d<\/p>\n<\/blockquote>\n\n\n\n

The Road Ahead<\/h3>\n\n\n\n

With operations resuming and BitGo providing institutional-grade custody, WazirX\u2019s return could mark a new chapter<\/strong> for Indian crypto markets one defined by compliance, security, and investor protection.<\/p>\n\n\n\n

Still, the journey ahead remains uncertain. For WazirX, success will depend on consistent communication, flawless execution, and long-term reliability<\/strong> in a market where trust is hard-earned and easily lost.<\/p>\n","protected":false},"excerpt":{"rendered":"

Indian crypto exchange WazirX is officially making its long-awaited comeback after more than a year of silence. The platform, once India\u2019s largest by trading volume, is set to resume operations on October 24, marking a major step in its recovery from a devastating $230 million cyberattack in 2024. WazirX Returns After 15 Months of Turmoil…<\/p>\n","protected":false},"author":3,"featured_media":12115,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63,70],"tags":[206,749,1800],"class_list":["post-12120","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-finance","tag-hack","tag-wazirx","tag-zero-fee"],"yoast_head":"\nWazirX Set to Relaunch on October 24 After 15-Month Hiatus Following $230M Hack - Crypto News<\/title>\n<meta name=\"description\" content=\"WazirX returns on Oct 24 after a 15-month shutdown from a $230M hack, offering zero-fee trading and BitGo-insured custody to rebuild trust.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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