- WazirX relaunches with zero fees after security breach restructuring.
- Return influenced by court-approved plan.
- Upgrade to custodial security with BitGo.
This relaunch, underpinned by a court-approved restructuring and enhanced security measures with BitGo, aims to restore user trust while regaining market foothold and liquidity.
WazirX, a prominent Indian cryptocurrency exchange, announced it will resume operations on October 24, 2025, following a 16-month hiatus due to a major security breach. Trading will restart with zero trading fees for 30 days.
Following a court-approved restructuring led by Zettai Pte. Ltd., WazirX aims to regain market confidence. The platform, now partnered with BitGo for enhanced security, plans a phased token reactivation, beginning on October 24.
Nischal Shetty, Co-founder, WazirX, stated, “We are ready to begin the next chapter for WazirX with the platform restart, bringing trading back steadily and completely… trading on WazirX will begin with ZERO trading fee across all markets.”
WazirX’s decision to offer zero trading fees is strategic, intended to boost market liquidity and rebuilding trust. The phased reopening includes major pairs such as USDT/INR, aiming to preserve stability and security in the initial stages.
The return was facilitated by a court-approved restructuring in Singapore, following the $230 million security breach in 2024. Involved stakeholders endorsed the relaunch strategy, reflecting strong support and confidence in the exchange’s future prospects.
Stakeholders expect a gradual recovery in Total Value Locked (TVL) and community deposits. The market anticipates a potential volume surge aligning with the zero-fee initiative. Transparency with users remains crucial in rebuilding trust.
Relaunch comparisons with other exchanges like Bitfinex highlight the importance of transparent custodial solutions. WazirX’s strategic alliance with BitGo is expected to set a new industry benchmark, potentially influencing future regulatory frameworks and security protocols.
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