January 29, 2026
By Anjali Kochhar
WazirX has brought Fireblocksâ institutional custody technology into its core infrastructure, marking a significant step in the exchangeâs ongoing effort to tighten security and stabilise operations after last yearâs cyberattack.
The Indian crypto exchange said the integration strengthens how digital assets are stored, moved, and managed across its platform. By adopting Fireblocksâ enterprise-grade custody system, WazirX gains access to secure tools that support asset custody, settlement workflows, trading operations, and stablecoin transactions, while also allowing the platform to scale more efficiently across multiple blockchains.
Fireblocks is widely used by exchanges, banks, and financial institutions for its multi party computation based architecture, which distributes control of private keys across multiple secure environments. This structure is designed to reduce exposure to single points of failure, a vulnerability that has been at the centre of several high profile crypto breaches globally.
WazirX founder Nischal Shetty said asset protection remains central to the exchangeâs recovery strategy. He noted that the company continues to strengthen its systems and internal controls to reduce risk and improve resilience as it rebuilds its services.
The move comes months after WazirX suffered a major security breach in July 2024, when attackers accessed a multi signature wallet and withdrew roughly US$235 million in digital assets. The incident triggered a prolonged operational freeze and forced the exchange into a court supervised restructuring process.
Under the oversight of the Singapore High Court, WazirX implemented a creditor backed restructuring plan that allowed it to resume operations while working toward compensating affected users. The exchange began restoring services in late 2025, positioning security upgrades as a core part of its relaunch strategy.
Beyond custody infrastructure, WazirX said it is introducing stricter transaction approval frameworks, stronger governance checks, and real time monitoring to identify suspicious activity at an early stage. These measures are aimed at preventing unauthorised fund movements and strengthening internal oversight.
The adoption of Fireblocks places WazirX among a growing group of crypto platforms moving toward institutional grade custody solutions as regulatory scrutiny increases and user expectations around security rise. Such infrastructure is increasingly seen as a baseline requirement rather than an optional upgrade.
WazirX said the Fireblocks integration is intended to support long term platform stability rather than serve as a short term fix. At the same time that the exchange works to rebuild trust and restore normal operations, it is positioning security and operational discipline as foundational elements of its next phase of growth.
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.
