The WazirX crypto exchange is officially reopening its doors on Friday, October 24, 2025. This highly anticipated return comes more than a year after a devastating security breach in July 2024, which resulted in over $230 million in losses and a prolonged restructuring effort managed through the Singapore High Court.
Nischal Shetty, the founder of WazirX, announced on Thursday, October 23, 2025, that the ‘funds’ page, featuring rebalanced tokens, is now active. Users can already initiate crypto and Indian Rupee (INR) deposits, with crypto withdrawals scheduled to commence just one day later.
Shetty further elaborated on Thursday, stating, “Crypto trading and withdrawals, both start from tomorrow. We will continue to add more tokens to the trading and withdrawal list.” He also confirmed that INR withdrawals are currently operational.
Despite primarily serving Indian customers and promoting compliance with Indian regulations, WazirX opted to conduct its post-hack restructuring proceedings through the High Court of Singapore.
To finalize the restructuring plan, the crypto exchange conducted two rounds of voting, allowing investors to cast their ballots for or against the proposed scheme. In both instances, the majority of voters supported the plan.
After over a year of anxious waiting, the primary concern for many WazirX users is now accessing and withdrawing their locked cryptocurrency funds, as well as ascertaining the remaining balance of their deposits and investments.
During the aftermath of the hack, WazirX faced significant criticism. Concerns included the exchange’s delayed customer updates, abrupt suspension of withdrawals, the decision to pursue restructuring in a foreign court, and the absence of compensation for affected customers via a dedicated crisis fund.
As part of its relaunch initiative, WazirX has introduced 0% trading fees for all trading pairs. The resumption of services will be rolled out in phases, initially supporting certain crypto pairs and the popular USDT/INR pair, with more markets anticipated to be added in the near future.
Shetty emphasized the exchange’s core mission: “At the heart of everything we do is our mission to make crypto accessible to every Indian.” He extended gratitude to the WazirX community for their patience during these challenging times. He also highlighted that asset security is paramount in today’s global crypto landscape, and their new partnership with BitGo will provide an additional layer of trust and protection through world-class custody standards. Shetty concluded, “This isn’t just a return to operations, it’s a reinforcement of our integrity which we’ve always strived for.”