India’s cryptocurrency exchange WazirX is scheduled to resume operations on Friday, October 24, 2025, more than a year after a July 2024 security breach that resulted in losses exceeding $230 million and brought trading to a halt.
The relaunch comes after a restructuring process overseen in Singapore and follows a period of significant uncertainty for users and creditors of the platform.
WazirX founder Nischal Shetty confirmed on X, formerly Twitter, on Thursday that the platform’s “Funds” page with rebalanced tokens was live, crypto and Indian-rupee deposits were open, and that crypto withdrawals would begin the following day.
Shetty announced that trading along with withdrawals would start from October 24 and that the company would continue to add more tokens to its trading and withdrawal list in a phased manner.
In a move meant to rebuild user trust, WazirX said it will launch with zero trading fees across all trading pairs under a “Restart Offer.”
Initially, trading will be limited to selected crypto-to-crypto pairs and the USDT/INR pair, with additional markets to follow in the coming days.
The platform said it has partnered with custody provider BitGo to bolster asset security and implement institutional-grade protections.
The relaunch marks a critical juncture for a company that once commanded a leading position in India’s crypto market.
The July 2024 breach froze user funds, prompted the suspension of withdrawals, and triggered a protracted restructuring through the Singapore High Court under the parent company Zettai Pte. Ltd.
Over 95 percent of the platform’s creditors backed the arrangement, and the court’s approval paved the way for the restart.
For many users of the platform, the top priority has been clarity on the status of locked assets and when access to funds will be restored.
WazirX said token distributions to creditors and the issuance of recovery tokens will begin within weeks of the relaunch.
The timing of the reopening is significant in light of waning confidence in Indian crypto platforms.
Several exchanges in the country have faced security incidents, regulator scrutiny, and major user losses. Observers view WazirX’s ability to deliver full recovery and open operations as a test of the wider domestic market’s resilience.
As WazirX begins to offer crypto and INR withdrawals, the company emphasized its mission to “make crypto accessible to every Indian” while noting that asset security remains a top priority.
The platform said the relaunch was not simply a return to operational status but a “reinforcement of our integrity.”
The next few weeks will determine whether WazirX succeeds in restoring user service and confidence or whether lingering concerns from the hack and long shutdown will weigh on its comeback.
Users, creditors, and regulators alike will be watching closely as the platform takes its first steps into a new operating phase.
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