WazirX, once India’s largest cryptocurrency exchange by volume, is preparing to reopen on October 24, 2025, after a massive $230 million hack that forced a year-long suspension and bankruptcy.
The comeback was confirmed in an email sent to creditors this week and marks the end of a long recovery process for thousands of affected users.
WazirX will resume operations on October 24
According to the company’s announcement, the exchange completed a court-approved restructuring under the High Court of Singapore and received more than 95% of the support of its creditors.
The restructuring was led by Zettai Pte. Ltd., the parent company of WazirX, marks the final phase of the recovery process.
This plan was crucial in reviving the exchange after a massive $230 million was wiped out in one of the largest cyber attacks in India’s crypto history.
WazirX Trading is relaunching with a no-fee offer
In the first phase of the relaunch, WazirX will reopen select trading pairs, including USDT/INR and several crypto-to-crypto markets.
The exchange will also introduce a “Restart Offer,” which will allow all users to trade without transaction fees for a limited period of time. This move is intended to encourage user activity and restore market confidence.
To strengthen security and ensure complete asset protection, WazirX has partnered with BitGo, a leading US custodian of digital assets. All platform assets are now stored in institutional-grade insured custody portfolios that meet international standards.
User asset recovery plan
WazirX confirmed that it has launched a user asset recovery plan to compensate those affected by the 2024 hack. Creditors will also benefit from Recovery Tokens (RTs), which provide a pro-rata share of future revenues and recovered assets.
The exchange’s revival comes at a time when trust in Indian crypto platforms remains fragile, pressured by high taxes and multiple failed exchanges.
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