🚨Crypto exchange WazirX to resume operations after year-long halt post cyberattack — check date, other details.💥
The move comes shortly after the exchange's restructuring process received a nod from the High Court of Singapore. As part of the “Restart Offer”, the users will not have to pay any trading fee across all pairs, providing a major relief.
Crypto exchange WazirX on Thursday announced that trading will resume on the platform on 24 October, effectively restarting operations after a cyberattack forced its shutdown for over a year.
In July 2024, the crypto exchange platform faced a cyberattack, leading to a theft of $230 million in digital assets. The cryptocurrency platform had held North Korea-based Lazarus Group responsible for the security breach, a claim that was later backed by the United States, Japan, and South Korea in a joint statement.
Platform to focus on crypto-to-crypto pairs post relaunch
The relaunch will happen in a phased manner as it will initially focus on certain crypto-to-crypto pairs and then USDT/INR pair. This process will be followed by the gradual expansion of additional markets in the coming days.
