WazirX Crypto Exchange Returns with 0% Trading Fees After $230M Crypto Hack

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Updated on 23rd October, 2025
The WazirX crypto exchange has announced its return after the $230 million crypto hack in July 2024. Following a 16-month pause, the platform is resuming its operations tomorrow.

According to a recent X post, the WazirX crypto exchange is set to offer services on October 24, 2025, with zero trading fees. The relaunch will reportedly follow a phased approach, kicking off with select crypto-to-crypto pairs and the USDT/INR pair, with plans for gradual expansion into more markets in the near future.

Notably, this move comes as part of the platform’s ongoing debt restructuring plan. Now, following court-approved restructuring and creditor support, WazirX is marking its return by reopening select markets with zero trading fees and has reopened for INR and cryptocurrency deposits.

WazirX Crypto Exchange to Relaunch Services

The WazirX crypto exchange is reportedly relaunching its services in India, following a long pause of 16 months driven by the $230 million hack. The platform stated via an X post, “Trading on WazirX will resume with zero trading fee across markets, making it easier for every user to trade seamlessly as the platform restarts.”

As per the official statement, the company will restart its trading platform on October 24, 2025. This relaunch comes on the heels of its parent company, Zettai Pte. Ltd., successfully executing a restructuring plan. The plan was approved by the Singapore High Court and garnered support from most of the platform’s creditors, following extensive legal proceedings, audits, and stakeholder negotiations. The platform further stated,

“Trading for tokens will be enabled gradually over four days, beginning on 24th October 2025. Each day, around 25% of all tokens will be enabled until the platform reaches full functionality by 27th October 2025, well within the 10-business-day timeline set out in the Court-sanctioned Scheme.”

Founder Nischal Confirms Relaunch

In an official post on the X platform, WazirX founder Nischal Shetty announced that the team is prioritizing the activation of withdrawals and trading, which will be available soon as the exchange resumes full operations. Trading is anticipated to resume on October 24, with no trading fees for at least 30 days to help the community. The exchange has already re-enabled INR and crypto deposits, a critical next step to recovery after the major security incident.

He noted that the WazirX crypto exchange worked with BitGo for several months to support its crypto cold wallets. This is a significant partnership, as BitGo is a top global custodian that holds over $90 billion of digital assets. In working with BitGo, WazirX is taking measures to help protect its security and users’ funds, especially considering that it was hacked in July 2024, which resulted in the loss of around $230 billion. His post read,

“For crypto cold wallets, we have been using BitGo from several months now. They’re a global leader that securely manages over $90B+ in assets.”

Moreover, the WazirX crypto exchange is working on issuing Recovery Tokens to creditors. This will represent their share of illiquid and stolen assets. These tokens will be distributed based on the value of each creditor’s claim, allowing them to potentially recover a portion of their lost assets. Nischal stated,

“At the heart of everything we do is our mission to make crypto accessible to every Indian. WazirX is able to restart operations and initiate token distributions to creditors within 10 business days as estimated.”

Conclusion

WazirX’s revival after India‘s one of the biggest exchange hacks is a major milestone in the country‘s cryptocurrency landscape and reflects the company’s comeback and investor trust. With heightened security features through BitGo, an approved winding-up plan by the Court, as well as zero trading fees for new users, the company is in a position to relaunch in the Indian digital asset market.

Frequently Asked Questions

When will WazirX start trading again?
Trading on WazirX will begin again on October 24, 2025, with some select crypto pairs.
Will there be trading fees when it resumes trading?
WazirX will have zero trading fees for at least 30 days when it resumes trading.
What has changed regarding security for WazirX?
WazirX is partnering with BitGo to have its crypto cold wallets secured and funds protected.

Glossary

Crypto Exchange: A digital platform where users can buy, sell, and trade cryptocurrencies.
Restructuring Plan: A legal and financial process to reorganize a company’s debts and operations.
BitGo: A global digital asset custodian that provides secure wallet solutions for cryptocurrencies.
Recovery Tokens: Tokens issued to creditors to represent their share of lost or illiquid assets after a hack or insolvency.
Phased Relaunch: A gradual reopening of trading services in stages to ensure stability and security.