US EditionWazirX Latest News: Users Can Start Trading on Friday After $230M Hack Comes to Close
- On October 24, WazirX will resume operations, reopening trading for select markets including crypto-to-crypto pairs and USDT/INR with zero trading fees, per an email to creditors.
- After a massive security breach last year froze assets and halted withdrawals, insolvency proceedings followed, culminating in a Singapore High Court-approved restructuring under Zettai Pte. Ltd.
- Thousands of creditors faced more than a year of uncertainty after the theft of over $230 million in various tokens, awaiting forensic audits and migration plans.
- The relaunch includes a repayment timeline with token distributions and Recovery Tokens set to go live, and WazirX is partnering with BitGo, institutional custody partner, for insured asset storage.
- The relaunch will test whether India's retail crypto community still trusts local exchanges, battered by tax burdens and repeated platform failures, while last year's downfall left a lasting scar on user confidence.
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30 Articles
Crypto exchange WazirX to resume operations after year-long halt post cyberattack — check date, other details
After a year-long shutdown due to a cyberattack, WazirX will restart trading on October 24. Users will not have to pay a trading fee initially, as the platform aims to regain trust while expanding its services and ensuring asset safety through a partnership with BitGo.
WazirX Latest News: Users Can Start Trading on Friday After $230M Hack Comes to Close
That was the final step in a process that began after a massive security breach last year froze assets, shuttered withdrawals, and effectively took India’s oldest crypto platform offline.
WazirX Reopens Trading Over a Year After Hack, Crypto Exchange to Restart in Phased Manner
WazirX has resumed trading after over a year, starting a phased rollout from October 24 with zero trading fees for 30 days. Industry leaders called the move a defining moment for India’s crypto sector, noting it could help restore investor trust. Some users have reported withdrawal delays, though WazirX previously outlined a 10-day timeline for complete access.
WazirX to Resume Trading and Withdrawals More Than a Year After $234M Hack - WorldNL Magazine
In brief Indian crypto exchange WazirX will resume operations on October 24 with zero trading fees across all markets. Trading and withdrawals will resume the same day, with full functionality by Monday. The platform has partnered with BitGo for institutional-grade custody solutions. Indian crypto exchange WazirX will restart operations on October 24 with zero trading fees across all markets, more than a year after hackers stole $234 million in …
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