WazirX to Restart Trading on Friday After $230M Hack Caused Year-Long Shutdown
WazirX is set to resume trading on October 24, marking its official comeback after the $230 million hack that halted operations in July 2024. The restart follows a Singapore High Court–approved restructuring of its parent firm, Zettai Pte. Ltd., clearing the path for the exchange’s revival and renewed regulatory backing.
Trading will reopen with select markets and a limited-time zero-fee promotion aimed at rebuilding liquidity and user confidence. According to creditor updates, WazirX will also begin distributing Recovery Tokens and other compensation assets alongside the relaunch, signaling a fresh start for users affected by last year’s breach.
What’s restarting on Day 1
WazirX plans a phased reopening beginning with crypto-to-crypto pairs and USDT/INR, expanding listings over subsequent days. All users will pay 0% trading fees during a launch promotion labeled the “Restart Offer.” The company says the approach is designed to restore orderly price discovery and volumes before adding more markets. TheStreet+2VARINDIA+2
Court approval and creditor backing
The relaunch follows a Singapore High Court–sanctioned scheme for Zettai Pte. Ltd., which received overwhelming creditor support and enables asset redistribution and operations recovery. The approval paved the way for WazirX to publish a concrete timeline for repayments and platform reopening.
The 2024 breach and shutdown
On July 18, 2024, attackers drained more than $230 million in tokens from a WazirX wallet, prompting an immediate freeze of trading and withdrawals and ultimately a year-long shutdown. WazirX’s postmortem points to a compromised multisig wallet; external reporting has attributed the operation to Lazarus Group. The incident left thousands of Indian users in limbo and catalyzed insolvency and forensic processes that extended through 2025.
Safeguards and custody
To rebuild confidence, WazirX has partnered with BitGo for insured, institutional-grade custody. The exchange says the setup is part of broader trust-and-safety measures accompanying the phased reopening.
Market impact and user trust
WazirX’s return will test whether India’s retail crypto community strained by taxes and prior platform failures will re-engage with domestic venues. Zero fees could jumpstart volumes, but sustained recovery likely hinges on transparent recovery mechanics, asset listing quality, and robust security controls verified by third parties.
WazirX restart trading after $230M hack what users should expect first week
Expect limited pairs, USDT/INR liquidity focus, and operational updates on repayments/Recovery Tokens. Users should watch for exchange notices on expanded listings, wallet reactivations, and any KYC or security re-enrollment requirements.
Context & Analysis
A zero-fee relaunch can rapidly seed order books, but long-term trust will depend on (1) clarity and timing of creditor repayments, (2) depth on INR rails, and (3) demonstrable, audited security controls under the new custody model. India’s evolving crypto tax regime also remains a structural headwind for retail participation.
Conclusion
WazirX’s October 24 relaunch, supported by a court-approved restructuring and new asset custody framework, marks a major step toward restoring normal operations and initiating user repayments. The move follows months of legal and technical recovery efforts aimed at stabilizing the exchange after last year’s breach.
In the weeks ahead, market response will determine how effectively WazirX rebuilds trust. Key tests include the return of trading liquidity, gradual expansion of listings, and visible improvements in security and transparency factors crucial for reestablishing confidence among users and partners across the crypto ecosystem.
FAQs
Q : When does WazirX restart trading?
A : Trading resumes October 24, 2025, with a phased rollout of markets.
Q : Which pairs will be available first?
A : Select crypto-to-crypto pairs and USDT/INR, with more markets added later.
Q : Will there be trading fees at launch?
A : WazirX is offering 0% fees across supported pairs for a limited time under a “Restart Offer.”
Q : What triggered the year-long shutdown?
A : A July 18, 2024 breach that stole over $230M from a WazirX wallet.
Q : How is custody changing?
A : WazirX has partnered with BitGo for insured, institutional-grade custody.
Q : Will creditors receive repayments at relaunch?
A : Communications indicate token distributions and Recovery Tokens begin alongside the relaunch, subject to official timelines.
Q : Does this mean trust is restored?
A : Trust will depend on transparent repayments, security audits, and liquidity on INR pairs over time.
(Image alt: “WazirX restart trading after $230M hack relaunch banner”)
Facts
Event
WazirX trading resumption after $230M hack and court-approved restructuringDate/Time
2025-10-24T00:00:00+05:00 (restart day)Entities
WazirX; Zettai Pte. Ltd. (parent); Singapore High Court; BitGoFigures
~$230M stolen (July 2024); 0% trading fees at relaunch; USDT/INR among initial pairsQuotes
“Trading will resume on October 24 with zero fees and a phased market rollout.” WazirX communications to users/creditors (per reporting)Sources
CoinDesk (https://www.coindesk.com/markets/2025/10/23/wazirx-to-restart-trading-on-friday-after-usd230m-hack-caused-year-long-shutdown), Business Standard (https://www.business-standard.com/markets/cryptocurrency/wazirx-to-resume-operations-in-india-on-oct-24-here-s-all-you-need-to-know-125102300424_1.html)