WazirX to Resume Trading on October 24 later than Court-Approved Restructuring
WazirX, one of India’s largest cryptocurrency platforms, is set to resume trading operations on October 24, 2025, following a 16-month hiatus triggered by a $230 million hack in mid-2024. The relaunch follows approval from the Singapore High Court for the company’s restructuring plan, marking a significant step in its recovery and re-entry into India’s digital asset market.
A phased relaunch and zero trading fees
According to official announcements and reports from CoinDesk, Moneycontrol, and Business Standard, WazirX will implement a phased relaunch begining October 24. Approximately 25% of trading pairs will be activated each day over a four-day rollout period. This gradual reactivation strategy aims to ensure system stability and security throughout the relaunch. To attract traders back to the platform, WazirX is introducing a limited-time “Rebegin Offer,” featuring 0% trading fees for all users across spot and crypto pairs.
The platform also confirmed the reopening of Indian rupee (INR) and cryptocurrency deposits alongside trading. This will allow users to fully access, deposit, and trade digital assets on the platform once again. The phased reopening is backed by significant technical upgrades and enhanced custodial arrangements with BitGo, which now serves as WazirX’s official digital asset custodian. This partnership is designed to strengthen security and improve asset protection later than the major breach that led to the platform’s suspension.
Background: from hack to recovery
WazirX was forced to halt operations in July 2024 later than a sophisticated cyberattack resulted in the loss of approximately $230 million in user funds. Following the incident, the company underwent a comprehensive restructuring under Singapore jurisdiction. The approved plan included a combination of technical remediation, debt reanswer, and customer fund recovery mechanisms. On October 15, 2025, the Singapore High Court gave its final approval for the plan, allowing WazirX to resume operations within ten business days.
The company has since implemented multiple security and compliance upgrades, including new wallet infrastructure, enhanced multi-signature protocols, and round-the-clock monitoring systems. BitGo’s involvement as custodian adds another layer of protection, providing institutional-grade insurance and asset segregation.
Industry experts view WazirX’s relaunch as a pivotal moment for the Indian crypto ecosystem, which has faced regulatory uncertainty and declining liquidity over the past year. With the reintroduction of trading and an emphasis on transparency, WazirX aims to restore user confidence and re-establish itself as a key player in India’s evolving cryptocurrency landscape.
The platform’s 0% fee structure and phased reactivation strategy are expected to attract both retail and institutional traders viewking secure, cost-effective trading options. By combining regulatory compliance, improved security, and promotional incentives, WazirX hopes to set a new standard for reliability among Indian crypto platforms.
WazirX has stated that it will continue to update users about the relaunch schedule, supported tokens, and new product offerings through its official website and social media channels. The platform’s return marks one of the most anticipated developments in the Indian digital asset sector in 2025, with many analysts watching closely to gauge its impact on trading volumes and investor sentiment.
