🚨 WazirX Resumes Deposits After $240M Hack — Eyes Full Platform Restart

Indian crypto exchange WazirX, which suffered a $240M hack in May 2023, has officially reopened INR and crypto deposits as part of its restructuring and comeback strategy.

Founder Nischal Shetty confirmed that withdrawals and trading are next, with trading expected to go live on October 24 — and zero trading fees for the first 30 days to support users returning to the platform.

🔑 Key Updates

🔹 Deposits are live again (INR + crypto)

🔹 Trading to resume with 0% fees at launch

🔹 Withdrawals expected to open soon

🔹 BitGo is securing cold storage, custodian of $90B+ in assets

🔹 Loss recovery efforts still ongoing

🔹 Community relief initiatives are being prepared

Shetty emphasized that rebuilding trust is the core focus of the restart, noting:

“Our focus remains on a secure and transparent restart.”

The reboot comes at a time when broader Indian crypto markets have seen multiple security-related setbacks — CoinDCX recently reported a $44M loss.

If trust is restored successfully, WazirX could become a case study in exchange resilience and post-hack recovery strategy.

#WazirX #Crypto #Hack #Blockchain

https://coingape.com/240-million-hacked-crypto-exchange-wazirx-reopens-deposits-but-faces-community-backlash/?utm_source=coingape&utm_medium=linkedin