After a 16-month suspension following a $230 million hack, WazirX is preparing its comeback. The WazirX relaunch goes live on October 24, 2025, after a court-approved restructuring and an entirely rebuilt security architecture. To lure traders back, the Indian crypto exchange is introducing zero trading fees. The goal is simple: restore liquidity and confidence in a more competitive market.
The $230 Million Hack That Froze India’s Top Exchange
In mid-2024, hackers exploited vulnerabilities in WazirX’s custodial wallets, draining roughly $230 million worth of digital assets. The platform quickly shut down trading and withdrawals while regulators and forensic teams began investigations. As a result, more than two million users were locked out of their accounts for months. The WazirX hack became one of India’s largest crypto breaches and triggered tighter oversight across the local industry.
Court-Approved Plan Paves Way for the WazirX Relaunch
To resume trading, WazirX completed a court-approved restructuring overseen by the Singapore High Court. The plan included new custodial partners, capital recapitalization, and stronger AML and cybersecurity standards.
The legal approval cleared a path to restart operations under improved management oversight. It also set a regional precedent: exchanges can recover under judicial supervision rather than face liquidation.
Moreover, it signaled that Asian regulators are adopting a more pragmatic approach toward crypto recovery processes.
Zero Fees, New Custody, and a Second Chance
The WazirX relaunch will roll out in phases, starting October 24. Trading, deposits, and withdrawals reopen gradually with multi-signature security and real-time monitoring.
To jump-start activity, WazirX offers 0% trading fees for an introductory period and adds insurance coverage against future hacks. In addition, the exchange now uses third-party custodians for cold storage and runs independent reserve audits.
The restructuring introduced clearer asset segregation, enhanced internal controls, and continuous third-party monitoring designed to strengthen user protection and prevent a repeat of the 2024 hack.
How the WazirX Comeback Shifts India’s Crypto Exchange Landscape
However, India’s crypto market has changed since the shutdown. Competitors such as CoinDCX, ZebPay, and emerging platforms like Mudrex and KoinX filled the gap, serving users who sought active trading venues.
Meanwhile, the environment has grown stricter. A 1% TDS tax on trades and tougher KYC rules reshaped trader behavior, while global standards like MiCA influenced Indian regulators to tighten oversight.
Consequently, compliance credibility now matters as much as trading volume. Nevertheless, WazirX re-enters the Indian crypto market with a key advantage: a court-validated governance structure and legally audited operations.
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Can WazirX Outpace CoinDCX and ZebPay?
Before the hack, WazirX controlled more than 60% of India’s spot-trading market. Now, its competitors boast robust user bases and global partnerships. The key question now is whether zero fees and legal oversight are enough to win back share.
Analysts note that its massive dormant user base and local-currency on-ramps could fuel a rapid uptick in volumes; if the platform delivers on security and transparency.
Still, CoinDCX vs WazirX comparisons suggest that trust and consistent liquidity will decide India’s 2025 exchange rankings.
Industry and Investor Reactions
Market observers have welcomed the return. FinanceFeeds called WazirX’s restructuring “a model for compliant recovery.” Others see the move as a test case for balancing investor protection and innovation in emerging markets.
Nevertheless, some investors remain cautious, citing India’s unpredictable policy climate and the risk of future enforcement actions.
Even so, the WazirX relaunch stands as a major test of whether exchange failures can be resolved through legal reform instead of abandonment. As a result, other Asian exchanges facing liquidity crises may study this model closely.
Will the WazirX Relaunch Restore User Trust in India’s Crypto Sector?
Success depends on stable operations and transparent reporting in the coming weeks. If zero-fee trading converts to sustained liquidity and renewed confidence, WazirX could once again become India’s flagship crypto exchange.
For a sector often plagued by short memory and fast cycles, WazirX’s comeback offers a rare case study in how legal oversight and strategic communication might restore faith in a local exchange brand.
>>> Read more: WazirX CoinSwitch Ruling Exposes Zensui’s Risks
WazirX’s October 24 return is more than a technical reopening; it’s a litmus test for India’s crypto resilience. By pairing a court-sanctioned restructuring with zero fees and tighter security, WazirX positions itself as a symbol of recovery and a serious contender in India’s digital-asset market.
Readers’ frequently asked questions
Under which brand will the exchange relaunch — WazirX or Zensui?
The trading platform will continue to operate under the WazirX brand for users, even though its parent entity has been restructured under the Zensui name. Legal filings confirm the Singapore-approved restructuring of WazirX’s operator, Zettai Pte Ltd, but public announcements and marketing materials still use the WazirX brand.
When will users be able to resume trading and withdrawals?
WazirX resumes operations on October 24, 2025, beginning with phased access to trading, deposits, and withdrawals. Full functionality is expected to return gradually over the following days as the exchange tests system stability and custody protocols.
What security measures are in place after the $230 million hack?
The exchange has implemented multi-signature wallets, third-party custodial storage, and independent reserve audits. It also introduced insurance coverage for user assets and regular external security assessments to prevent a repeat of the 2024 incident.
What Is In It For You? Action items you might want to consider
Monitor the phased reopening and liquidity recovery on WazirX
If you are an existing or returning trader, keep an eye on WazirX’s phased resumption schedule. Track daily trading volumes, withdrawal queue times, and fee policy updates as the exchange restores full functionality.
Compare security and transparency practices across Indian exchanges
Evaluate how WazirX’s new custody, insurance, and audit measures stack up against competitors such as CoinDCX and ZebPay. Exchanges adopting external audits and transparent reserve reporting may set new benchmarks for trust in India’s crypto market.
Assess the impact of WazirX’s zero-fee strategy on local trading behavior
Zero-fee trading may temporarily increase market activity but could also compress spreads and attract speculative flows. Traders and analysts should assess whether this incentive leads to sustained user engagement or short-term volume spikes.
