October 27, 2025
By Anjali Kochhar
India’s prominent cryptocurrency exchange WazirX announced that it will resume trading operations on October 24, 2025, ending more than a year of suspension following a major security breach. The exchange said it is set to restart in phases and has paired the relaunch with a zero-trading-fee offer to regain user trust and build liquidity.
The suspension had occurred after a cyberattack in July 2024, where WazirX suffered losses estimated at around US$230-250 million, making it one of the most significant hacks in India’s crypto history. The disruption left thousands of traders uncertain and froze trading on the platform for approximately 15 months. In the interim, the exchange undertook a restructuring process, which was approved by the Singapore High Court and backed by its creditors.
According to the company’s announcement, trading will begin with select crypto-to-crypto pairs and the USDT/INR pair. The rollout is scheduled to span four days, enabling about 25 percent of all tokens each day until full functionality is reached by October 27. Users will also benefit from no trading fees across all markets for the first 30 days post-resumption as part of the “Restart Offer” designed to drive volume and restore confidence.
Security has been a focal point of the relaunch plan. WazirX has partnered with global custody provider BitGo to implement institutional-grade, insured asset storage solutions. This move aims to address one of the key criticisms following the hack — trust in fund safety and operational stability. In its statement, WazirX’s founder emphasised that this relaunch is not just about returning to business but reinforcing integrity in the Indian crypto ecosystem.
For Indian traders and readers of cryptocurrency news websites, the relaunch offers a renewed opportunity to access one of the country’s major exchange platforms. At the same time, analysts caution that liquidity and stability during the initial days may be uneven. They recommend that users monitor real-time spreads and trading volumes, especially when dealing with less-traded pairs.
The relaunched platform also carries additional responsibilities. Having navigated regulatory, operational and reputational challenges, WazirX must prove it can maintain uptime, secure assets, and protect user interests in a market that remains volatile and under heightened regulatory scrutiny.
In summary, WazirX’s return to trading represents a critical test for India’s crypto ecosystem. For those following crypto market news, the next few days will reveal whether the exchange can convert its relaunch into sustainable growth and whether it can restore confidence among its user base.
About the author
Anjali Kochhar covers cryptocurrency and blockchain stories in India as well as globally. Having been in the field of media and journalism for over four years now, she has developed a sharp news sense and works hard to present information that goes beyond the obvious. She is an avid reader and loves writing on a wide range of subjects.
