WazirX Relaunches After Restructuring, Promises Recovery Tokens in 10 Days
Indian crypto exchange WazirX has officially resumed operations starting October 24, marking a major comeback after completing its Singapore High Court-approved restructuring plan.
The exchange, which spent over a year recovering from a $230 million hack in July 2024, said it will relaunch in a phased approach, starting with select crypto-to-crypto pairs and the USDT/INR pair, followed by gradual expansion into other markets.
WazirX founder Nischal Shetty confirmed that the funds page is live with “rebalanced tokens,” and both INR and crypto deposits are now open.
“We’re now working on withdrawals and trading. Stay tuned for an update very soon,” Shetty posted on X, adding that the team is fully focused on the restart.
Zero-Fee Trading and Recovery Tokens for Creditors
As part of its relaunch offer, WazirX is waiving all trading fees, making it free to trade on all pairs. The exchange also plans to issue Recovery Tokens to creditors, representing their share of illiquid and stolen assets. Each token will be distributed based on the value of the creditor’s claim, with the full process expected to begin within 10 business days.
“At the heart of everything we do is our mission to make crypto accessible to every Indian,” Shetty said.
BitGo Partnership Enhances Security
To reinforce trust and asset protection, WazirX has partnered with BitGo, a leading crypto custody provider.
“Our partnership with BitGo adds an additional layer of trust and protection with world-class custody standards. This isn’t just a return to operations—it’s a reinforcement of our integrity,” Shetty added.
With operations restarting, zero-fee trading, and creditor recovery tokens on the way, WazirX aims to rebuild confidence among Indian crypto users and reclaim its leadership in the market.
