WazirX, India’s leading crypto exchange, will reopen trading on October 24, 2025, following a year-long suspension after a massive $230 million hack crippled its operations.
Key Takeaways:
- WazirX secured court approval in Singapore to relaunch under its parent company Zettai Pte Ltd, with over 95% creditor support.
- The exchange will resume limited trading pairs, including crypto-to-crypto and USDT/INR, and introduce zero trading fees at launch.
- Custodian firm BitGo will now handle WazirX’s crypto wallet infrastructure, adding insured protection for user funds.
WazirX’s comeback follows a Singapore High Court decision approving its restructuring plan under parent company Zettai Pte Ltd. The ruling, backed by more than 95% of creditors by number and value, clears the way for the crypto exchange to re-enter the market after being offline since July 2024.
The company halted trading last year after hackers siphoned off roughly $230 million in digital assets through compromised crypto wallets and multi-signature keys. The breach, attributed to the North Korean Lazarus Group, was among India’s largest DeFi-related security incidents.
Exchange Relaunches with Limited Pairs and Zero Fees
The team announced on its official X (formerly Twitter) account that trading will officially resume on October 24, beginning with a limited range of markets, notably crypto-to-crypto and USDT/INR pairs. To encourage participation and rebuild trust, WazirX will waive all trading fees during its “Restart Offer” campaign.
According to the company, user crypto portfolios will remain protected through a new partnership with BitGo, a leading institutional custodian providing multi-signature and insured storage solutions. Co-founder Nischal Shetty highlighted the update as a key trust measure, stating, “Asset security is the foundation of our restart. With BitGo onboard, users can trade with renewed confidence.”
WRX Token Sees Notable Surge Following Relaunch Announcement
After WazirX's announcement of its impending relaunch on tomorrow, October 24, the exchange's native token, WRX, experienced a significant price increase, peaking an intraday high around $0.09998 according to CoinGecko, which is nearly a 32.6% 24-hour gain from $0.07541. At the time of writing, Trading View’s real-time market statistics show the token is trading at approximately $0.09672, reflecting a 26.3% gain over the past 24 hours.
This surge in WRX's price underscores the market's positive reception to WazirX's efforts to resume operations after a year-long hiatus due to a significant security breach. The introduction of zero trading fees at launch and enhanced security measures, including a partnership with BitGo for insured custody, have likely contributed to renewed investor confidence.
Industry Eyes Recovery and Investor Confidence
The success of WazirX’s return could serve as a key test of investor confidence in India’s crypto ecosystem, where regulatory pressure and exchange trust issues have weighed on sentiment.
A restructuring firm involved in the case told CoinTelegraph that “user repayments and full access to assets may take another two to three months following the relaunch,” indicating a gradual normalization process.
What’s Next?
WazirX’s relaunch signals both resilience and risk. If the platform can maintain stronger security standards and restore user withdrawals smoothly, it could reclaim its place among India’s top crypto exchanges. But any delay or technical failure could quickly erode the fragile trust it’s trying to rebuild. For now, the market watches cautiously as the exchange reopens its doors, one year after one of Asia’s largest crypto hacks.
Summary
WazirX will restart trading on Oct. 24, 2025 after securing Singapore court approval and majority creditor backing. The relaunch begins with limited pairs and zero fees, plus BitGo custody. WRX rallied on the news as investors gauge security, withdrawals, and the platform’s path back to normal.
