Indian cryptocurrency exchange WazirX has officially reopened trading on October 24, 2025, offering zero trading fees for 30 days following court-approved restructuring after a devastating cyberattack that forced a 15-month closure.
The platform restart marks a significant development in India’s crypto ecosystem, with trading resuming through a phased four-day rollout that will enable full functionality by October 27, 2025. The relaunch comes after the High Court of Singapore sanctioned WazirX’s restructuring plan, which received overwhelming support from 95.7% of voting creditors representing 94.6% in value.
Phased Trading Rollout Schedule
WazirX is activating approximately 25% of its listed tokens each day across four phases. Phase 1, which launched October 24, includes major trading pairs such as BTC/USDT, ETH/USDT, TRX/USDT, BNB/USDT, and the critical USDT/INR pair. Phase 2 on October 25 will enable ETH/USDT, DOGE/USDT, and LINK/USDT, while Phase 3 on October 26 adds SHIB/USDT, SOL/USDT, and PEPE/USDT. The final phase on October 27 will activate XRP/USDT, ADA/USDT, and WRX/USDT, completing the restoration of trading services.
Order placement begins at 10:00 AM IST each day, with order matching commencing at 5:00 PM IST. This staggered approach allows users to review and place orders before live trading begins, ensuring a smoother transition.
Zero Trading Fee Initiative
All trading pairs will carry zero fees for a minimum of 30 days as part of the “Restart Offer,” with potential extension based on community response. Nischal Shetty, founder of WazirX, announced via social media that the platform aims to extend the zero-fee period even further to support users during the transition.
“At the heart of everything we do is our mission to make crypto accessible to every Indian,” Shetty said in a statement. “I want to thank the WazirX community for their patience through these difficult times. This isn’t just a return to operations, it’s a reinforcement of our integrity which we’ve always strived for”.
Enhanced Security Measures
To address security concerns following the July 2024 hack attributed to North Korea’s Lazarus Group, WazirX has partnered with BitGo, a global leader in digital asset custody. The collaboration introduces institutional-grade, insured custody solutions designed to safeguard platform assets.
The cyberattack in July 2024 resulted in the theft of approximately $230-235 million worth of digital assets by exploiting vulnerabilities in WazirX’s multisig wallet system, forcing the exchange to suspend all trading activity. The breach affected nearly 45% of the platform’s crypto assets.
Token Distribution and Recovery Plan
WazirX completed token swaps, mergers, delistings, and migrations earlier this week in preparation for the restart. The platform expects to begin distributing tokens to creditors within 10 business days, well within the court-sanctioned timeline. Additionally, WazirX is working on issuing Recovery Tokens to creditors as part of its comprehensive recovery roadmap.
In February 2025, WazirX announced it would make tokens covering approximately 85% of creditor balances available once its restructuring scheme received approval. The crypto market boom during the shutdown period led to increased token values, potentially benefiting affected users.
Market Configuration and Withdrawals
All tokens will initially trade exclusively in the USDT market, while the INR market will only support the USDT/INR pair during the initial phase. Additional INR trading pairs will be gradually enabled after the platform achieves full stability, with separate announcements planned for each addition.
Crypto withdrawals became available starting October 24, with various tokens being enabled gradually as part of the phased approach. INR withdrawals were already enabled prior to the trading restart.
User Precautions
WazirX has cautioned users to expect temporary price fluctuations and varying liquidity levels as markets reopen. The platform advises traders to monitor liquidity carefully before placing orders, particularly for low-volume pairs, and avoid reacting to short-term volatility during the initial days of resumed trading.
The exchange warned against common mistakes including selling in haste without verifying current market prices, placing large market orders before liquidity stabilizes, and assuming first-day prices reflect long-term market value.
Live tokens display real-time Last Traded Prices, while markets yet to activate temporarily reflect prices from CoinMarketCap. The Funds page shows token values based on Last Traded Price using the USDT/INR rate, while the Rebalanced NLPA page uses the USD/INR rate with aggregated global prices.
Disclaimer: This analysis is for informational purposes only and should not be considered investment advice. Cryptocurrency investments carry significant risk and volatility. Past performance does not guarantee future results.
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