WazirX Relaunches Oct 24 After $230M+ Hack, Offers Fee Waiver Under New Structure

WazirX, once India’s largest cryptocurrency exchange by trading volume, will resume operations on October 24, 2025, marking the end of a sixteen-month suspension triggered by a devastating cyberattack that drained over $230 million.

The WazirX relaunch follows a restructuring process by the High Court of Singapore and backed by nearly all creditors of parent company Zettai Pte. Ltd.

The exchange confirmed in an email to users that trading will begin with select crypto-to-crypto pairs and the USDT/INR pair. As part of a “Restart Offer,” WazirX will waive all trading fees for the first 30 days to encourage users back to the platform.

“Now we have the next step, to create more value for everyone who has been impacted. Together, we can make it happen,”

Earlier:

The exchange is implementing a cautious, between October 24 and October 27, with approximately 25% of tokens enabled for trading each day. By October 27, the platform will reach full trading functionality.

During this period, users will be able to place orders from 10:00 AM IST, with live order matching beginning at 5:00 PM IST. This measured rollout, the company said, will help restore liquidity safely while ensuring a smooth and transparent return to normal operations.

The USDT/INR pair will be the only INR market active at launch, with other INR pairs added later. Markets not yet live will temporarily reflect prices from CoinMarketCap, ensuring users have access to transparent pricing data.

The 2024 cyberattack that crippled WazirX was attributed to North Korea’s Lazarus Group, which exploited vulnerabilities in the exchange’s multi-signature wallets. The breach forced WazirX to suspend withdrawals and trading, freezing assets for thousands of users.

To prevent such incidents in the future, the platform has partnered with , a global digital asset custody provider offering institutional-grade, insured protection.

Following the court-approved restructuring, WazirX completed token swaps, delistings, and migrations. Token distributions to creditors are expected within 10 business days of the relaunch, alongside the issuance of Recovery Tokens to affected users.