Indian crypto exchange WazirX is set to restart trading this Friday, marking the end of a 16-month suspension that began after a major security breach drained $230 million from the platform.
The company confirmed that trading will resume on October 24, with listings being restored in phases over four days and full access expected by October 27, according to an update shared on the WazirX blog.
Moving fast towards the WazirX restart!
— Nischal (Shardeum) 🔼 (@NischalShetty) October 23, 2025
Trading starts tomorrow, 24th October 🚀
0 Fee trading for minimum 30 days. We will try our best to extend even further! We want to be with our tribe and support you in whatever way we can.
Our focus is only YOU. We will do whatever it…
Co-founder Nischal Shetty announced the relaunch on X (formerly Twitter), thanking users for their patience and trust during the lengthy recovery.
“Your support helped us achieve the impossible task of restarting,” Shetty wrote. “Now we take the next step—to create more value for everyone who has been impacted.”
WazirX Content Team
In preparation for the relaunch, WazirX has reopened deposits in both Indian rupees and cryptocurrencies, alongside a redesigned token balance dashboard. The platform aims to restore user confidence after one of the most disruptive incidents in India’s crypto history.
The 2024 hack, attributed to North Korea’s Lazarus Group, exploited a vulnerability in WazirX’s multisignature wallet system, resulting in losses exceeding $230 million. Within days of the attack, WazirX—then the country’s largest crypto exchange—halted all trading and began restructuring efforts to compensate users and strengthen security.
📢 Update: We're aware that one of our multisig wallets has experienced a security breach. Our team is actively investigating the incident. To ensure the safety of your assets, INR and crypto withdrawals will be temporarily paused. Thank you for your patience and understanding.…
— WazirX: India Ka Bitcoin Exchange (@WazirXIndia) July 18, 2024
Last week, a major milestone was reached when the Singapore High Court approved WazirX’s revised restructuring plan, which had been backed by 95.7% of creditors. The approval cleared the final hurdle for the exchange to reopen and begin restoring operations.
The comeback marks a pivotal moment not only for WazirX but also for India’s crypto ecosystem, which has faced regulatory uncertainty and declining trading activity over the past year. With a renewed focus on transparency and user protection, the exchange is positioning itself for a cautious but determined recovery.
