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WazirX relaunches with 30 days of zero-fee crypto trading after a $234M hack, aiming to rebuild liquidity and user trust in India’s market.
Author: Akshat Thakur
Published On: Thu, 23 Oct 2025 14:24:03 GMT
October 23, 2025 – Indian crypto exchange WazirX is relaunching after more than a year of inactivity, offering 30 days of zero-fee trading to rebuild liquidity and restore user confidence following a major security breach in 2024. CEO Nischal Shetty confirmed the phased comeback on X, saying the exchange’s goal is to “support the community and return stronger than ever.”
According to WazirX’s official announcement, the relaunch begins Friday, Oct. 24, starting with USDT trading pairs. Users will be able to place orders from 10:00 AM IST, with order matching activated at 5:00 PM IST. The rollout will expand gradually through Monday to restore liquidity and test infrastructure stability.
During the zero-fee period, all trades across eligible pairs will incur no transaction costs, a move designed to encourage activity and rebuild market depth.
WazirX revealed that while operations were suspended, several listed projects underwent changes such as token merges, rebrands, or shutdowns.
As part of the reboot, the exchange delisted and swapped certain tokens that no longer met its transparency and performance standards.
The company stated that regular listing reviews will continue to ensure compliance with security and integrity benchmarks, aligning with international best practices.
The relaunch follows a $234 million hack in July 2024, where attackers drained assets from a Safe Multisig wallet linked to the platform. The event triggered a year-long shutdown, forensic investigations, and asset recovery efforts led by cybersecurity specialists.
Parent company Zettai, based in Singapore, entered court-supervised restructuring, culminating in an October 13, 2025 High Court approval. This clearance allowed WazirX to resume operations under a transparent governance structure designed to prevent future breaches.
The WazirX relaunch has been met with cautious optimism in India’s crypto community. Users praised the zero-fee initiative as a “fresh start,” while analysts said the exchange’s comeback could revitalize local liquidity and strengthen India’s digital asset infrastructure.
As of today, WazirX plans to expand INR trading pairs and integrate new security layers to ensure operational transparency. The exchange said it remains committed to regulatory cooperation as India’s crypto framework evolves.
Real voices. Real reactions.
Wazirx starting trading tomorrow on Oct 24.. After $230M hack & one year of shutdown, trading resumes on Oct 24 with zero fees. https://t.co/sTU3sHhKzG
WazirX is reopening tomorrow! WazirX is finally making a comeback after a year-long shutdown caused by a $230M hack. Trading resumes on Oct 24 with zero fees at launch. Will you still trust this exchange or not? https://t.co/a3UWwlU5YA
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