Copyright thehindubusinessline
WazirX crypto exchange will restart operations on October 24, following the successful completion of its restructuring process as sanctioned by the High Court of Singapore. As part of the Restart Offer, all users will enjoy 0 per cent trading fees across all trading pairs. This initiative will help WazirX users to trade without the burden of fees on each trade, said the exchange in a press release. The approved scheme helps users impacted by the 2024 hacking incident recover stolen assets worth $234.9 million (around ₹2,000 crore). The distribution of recoveries to scheme creditors will be managed through Zanmai India, a reporting entity under the Financial Intelligence Unit of India. The relaunch will begin with certain crypto-to-crypto pairs and USDT/INR pair, followed by the gradual expansion of additional markets in the coming days. To ensure fund safety, WazirX has partnered with BitGo, a global leader in digital asset custody, to safeguard platform assets through institutional-grade, insure custody solutions. Nischal Shetty, Founder of WazirX, said, “Asset security is currently a crucial aspect in the global crypto ecosystem. Our partnership with BitGo adds an additional layer of trust and protection with world-class custody standards, as we restart.” Earlier this week, WazirX completed token swaps, merger, delisting, migration of tokens and any rebranding that the tokens may have undergone. WazirX is able to restart operations and initiate token distributions to creditors within 10 business days as estimated. In addition, the platform is working towards issuance of Recovery Tokens to creditors. Published on October 23, 2025
