WazirX Resumes Operations After $234M Hack, Offers Zero Trading Fees
Indian cryptocurrency exchange WazirX is set to resume operations on October 24, over a year after a $234 million hack. A Singapore court-approved restructuring plan, backed by 95.7% of creditors, aims to restore access for its 6.6 million users.
The platform is launching with zero trading fees. Operations will be phased, with INR withdrawals already live and crypto trading/withdrawals commencing October 27. Security has been enhanced through a partnership with BitGo for insured custody. Users may recover 75-80% of frozen balances via Recovery Tokens, though some report discrepancies.
Industry reactions are mixed, with concerns over transparency and past governance failures persisting, alongside optimism for rebuilding trust in the Indian crypto space.


Cryptovka
WazirX Relaunches After $234M Hack: A New Chapter or Lingering Doubts?
WazirX, the prominent Indian cryptocurrency exchange, is set to resume operations on October 24, more than a year after a devastating $234 million ...








