Once India‘s leading exchange by trading volume, WazirX will resume operations on October 24 after a more than year-long hiatus caused by a massive $23 million exploit in July 2024 and a protracted restructuring battle.
The resumption of operations is taking place in accordance with a plan approved by the High Court of Singapore, under the direction of parent company Zettai Pte. Ltd.
According to WazirX, the platform will resume zero-fee trading on all markets to make the restart smoother and more accessible for users. The exchange plans a phased rollout, with token trading gradually resuming over four days, starting on October 24, 2025. As part of the return plan, the exchange will also begin distributing and issuing recovery tokens to compensate users for losses once trading resumes.
Approximately 25% of the tokens will be activated each day, and full trading functionality will be available by October 27, 2025, which is in line with the 10 business day deadline specified in the court-approved restructuring plan.
Meanwhile, WazirX has partnered with BitGo to provide secure and insured custody of the platform’s assets and restore confidence among cautious Indian retail investors.
India’s cryptocurrency community is still reeling from the exchange’s collapse, which led to an exodus of users to offshore platforms. Experts believe WazirX’s ability to regain user trust depends not only on improved security but also on transparency and stable operations in the coming months.