After more than a year in the dark, WazirX India’s leading crypto exchange is set to make a powerful comeback.
The platform, which was hit by a massive $230 million hack in July 2024, has completed a court-approved restructuring under Zettai Pte. Ltd. (Singapore). Now, with renewed security measures and a fresh strategy, WazirX is relaunching operations on October 24, 2025, marking one of the most significant recoveries in India’s crypto history.
🚀 The Relaunch Plan
According to official updates, WazirX will reopen in phases, beginning with:
Crypto-to-Crypto and USDT/INR pairsZero trading fees during the first phase to attract users backPartnership with BitGo for institutional-grade asset custody and protection
This phased reopening aims to rebuild user trust and ensure security remains top priority before reintroducing full-scale services like staking, margin, and futures trading.
🔍 What’s Different This Time
After the hack, which caused one of the largest losses in Indian crypto history, WazirX revamped its infrastructure with:
Enhanced multi-signature cold storageIndependent smart-contract auditsReal-time reserve trackingLegal restructuring approved by the Singapore High Court
These measures are designed to protect users’ assets and demonstrate the exchange’s commitment to transparency and reliability.
⚠️ Community Sentiment & Recovery
While the relaunch has been met with optimism, many traders remain cautious.
Some users are still waiting for clarity on asset recovery from the 2024 hack, though WazirX’s team says that reimbursements and frozen balances will be addressed gradually through verified KYC and wallet audits.
The zero-fee campaign and new security backing may help WazirX regain ground, but the true test will be restoring community confidence in the coming months.
💬 Final Thoughts
WazirX’s return is more than just a relaunch it’s a statement of resilience for India’s crypto ecosystem.
If the new structure holds strong, this could mark the rebirth of Indian exchanges under stronger global compliance and security frameworks.
#WazirX #CryptoINDIA