Summary of this article
WazirX resumes trading October 24 after 15-month security breach.
Restart Offer: zero trading fees on select crypto pairs initially.
Partnered with BitGo for insured, institutional-grade asset custody solutions.
WazirX, the cryptocurrency exchange will resume operations on October 24, 2025 after a restructuring process given by Singapore's High Court. In July 2024, the platform had halted services due to $230 million loss caused by a digital wallet security breach. The restart follows creditor approval and marks the platform's return to regular operations which focuses on resuming trading and ensuring operational stability.
The restart comes nearly 15 months after a cyberattack forced the platform to suspend its services. As part of the relaunch, WazirX is introducing a Restart Offer that allows users to trade with 0 per cent trading fees across all trading pairs. The roll out will start with a few crypto-to-crypto pairs and the USDT/INR market, with more pairs and services likely to be added in stages over the coming days.
WazirX has partnered with BitGo, a U.S. based digital asset custody provider, to store user assets using institutional-grade and insured solutions. The exchange said the collaboration is intended to enhance the security of user funds as trading operations resume.
Nischal Shetty, Founder of WazirX, said, "I want to thank the WazirX community for their patience through these difficult times. 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."
Before the restart of operations, WazirX completed token swaps, mergers, delistings, and token migrations earlier this week. The platform's revised restructuring plan was approved by creditors in August 2025 and following sanctioned by the Singapore High Court. With these steps completed, WazirX is now set to resume trading and begin token distributions to creditors within an estimated 10 business days.
The crypto exchange carried out two rounds of voting to allow investors to decide on its restructuring scheme. In the latest round held in August 2025, 95.7 per cent of voting creditors, representing 94.6 per cent by value, supported the revised plan that makes the way for the platform's restart.
