{"id":44580,"date":"2025-10-23T11:35:00","date_gmt":"2025-10-23T11:35:00","guid":{"rendered":"https:\/\/quickassetsmarket.com\/index.php\/2025\/10\/23\/wazirx-to-relaunch-after-crippling-230m-hack\/"},"modified":"2025-10-23T11:35:00","modified_gmt":"2025-10-23T11:35:00","slug":"wazirx-to-relaunch-after-crippling-230m-hack","status":"publish","type":"post","link":"https:\/\/quickassetsmarket.com\/index.php\/2025\/10\/23\/wazirx-to-relaunch-after-crippling-230m-hack\/","title":{"rendered":"WazirX to relaunch after crippling $230M hack"},"content":{"rendered":"<div><\/div>\n<p>WazirX, once India\u2019s largest cryptocurrency exchange by trading volume, is set to restart operations on 24 October 2025, a year after a crippling <a href=\"https:\/\/invezz.com\/news\/2024\/11\/14\/wazirx-hack-west-bengal-man-arrested-over-235-million-cyber-attack\/\">$230 million cyberattack<\/a> forced it into bankruptcy. <\/p>\n<p>The relaunch marks the final stage of a court-approved restructuring and represents one of the most significant recoveries in India\u2019s digital asset sector.<\/p>\n<p>According to an email sent to creditors this week, the reopening signals the end of months of restructuring led by Zettai Pte. Ltd., WazirX\u2019s Singapore-based parent company. <\/p>\n<p>More than 95% of creditors supported the revival plan, which was sanctioned by the Singapore High Court earlier this year.<\/p>\n<div class=\"wp-block-kevinbatdorf-xeet-wp xeet-wp\">\n<div class=\"react-tweet-theme Prh5YO6Z7gkcGwVjnX1Q\">\n<article class=\"y3vyxk0KOdMgcSTtzERK\">\n<div class=\"lXRMjX2KYR7IZSOZPFbm\"><a href=\"https:\/\/twitter.com\/wublockchain12\/status\/1981243992085057928\" class=\"nkzum3vS9EE0UMk6wIwD\" target=\"_blank\" rel=\"noopener noreferrer\"><\/p>\n<div class=\"gxuhzv6slGlIBy5JFjVm WcDJEE_clZMJavnkfXYk\"><\/div>\n<div class=\"gxuhzv6slGlIBy5JFjVm\">\n<div class=\"jM__a2FZ4FtvadsBSIC5\"><\/div>\n<\/div>\n<p><\/a><\/p>\n<div class=\"BwMePHrH3rvsmYE498nW\"><a href=\"https:\/\/twitter.com\/wublockchain12\/status\/1981243992085057928\" class=\"oDvOSSsrnTspryAL9YVt\" target=\"_blank\" rel=\"noopener noreferrer\"><\/p>\n<div class=\"YqFZOCD996i_gAbVzqfJ\"><span title=\"\u5434\u8bf4\u533a\u5757\u94fe\">\u5434\u8bf4\u533a\u5757\u94fe<\/span><\/div>\n<div class=\"k4aQ6nZmsk6GjbvjPKss\"><\/div>\n<p><\/a><\/p>\n<div class=\"T65hgE51dyqUMzAY5hl0\"><a href=\"https:\/\/twitter.com\/wublockchain12\/status\/1981243992085057928\" class=\"jg4rjgPtL89uoWZw81FG\" target=\"_blank\" rel=\"noopener noreferrer\"><span title=\"@wublockchain12\">@wublockchain12<\/span><\/a><\/p>\n<div class=\"IulIEDncuBnezCKlPUfn\"><span class=\"f9i0GrOk4HWCqDStzGHE\">\u00b7<\/span><a href=\"https:\/\/twitter.com\/intent\/follow?screen_name=wublockchain12\" class=\"X9KF8bvQvjpxMkEUAQSg\" target=\"_blank\" rel=\"noopener noreferrer\">Follow<\/a><\/div>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/twitter.com\/wublockchain12\/status\/1981243992085057928\" class=\"VAKgDYwbCPjVtzvR7vsi\" target=\"_blank\" rel=\"noopener noreferrer\" aria-label=\"View on Twitter\"><\/a><\/div>\n<p class=\"AdGEHCYjGQTkPV_D5imj\"><span>\u5370\u5ea6\u524d\u6700\u5927\u52a0\u5bc6\u8d27\u5e01\u4ea4\u6613\u6240 WazirX \u5c06\u4e8e 2025 \u5e74 10 \u6708 24 \u65e5\u91cd\u542f\u8fd0\u8425\uff0c\u7ed3\u675f\u56e0\u8d85 2.3 \u4ebf\u7f8e\u5143\u8d44\u4ea7\u88ab\u76d7\u5bfc\u81f4\u7684\u4e00\u5e74\u505c\u8fd0\u671f\u3002\u8be5\u5e73\u53f0\u5df2\u5b8c\u6210\u65b0\u52a0\u5761\u9ad8\u7b49\u6cd5\u9662\u6279\u51c6\u7684\u91cd\u7ec4\u8ba1\u5212\uff0c\u5e76\u83b7\u5f97\u5927\u591a\u6570\u503a\u6743\u4eba\u652f\u6301\u3002\u91cd\u542f\u521d\u671f\u5c06\u5f00\u653e\u90e8\u5206\u4ea4\u6613\u5bf9\u548c USDT\/INR<\/span><\/p>\n<div class=\"_0kiDv1j1JHI8CF0Ntb_\"><a class=\"PF6M5QdjvCYeUIeL82Pw\" href=\"https:\/\/twitter.com\/wublockchain12\/status\/1981243992085057928\" target=\"_blank\" rel=\"noopener noreferrer\" aria-label=\"11:49 am \u00b7 23 Oct 2025\">11:49 am \u00b7 23 Oct 2025<\/a><a class=\"EUWNvie68q0hB7x9gYil\" href=\"https:\/\/help.twitter.com\/en\/twitter-for-websites-ads-info-and-privacy\" target=\"_blank\" rel=\"noopener noreferrer\" aria-label=\"Twitter for Websites, Ads Information and Privacy\"><\/a><\/div>\n<div class=\"r1nP5SJS7VNmWTX19Auq\"><a class=\"gcUKEvUouWctDVs4Uni5\" href=\"https:\/\/twitter.com\/intent\/like?tweet_id=1981243992085057928\" target=\"_blank\" rel=\"noopener noreferrer\" aria-label=\"Like. This Tweet has 3 likes\"><\/p>\n<div class=\"EYp9rp32FVnHEztzLqMG\"><\/div>\n<p><span class=\"aMeAuAqW2H34ePc2jorL\">3<\/span><\/a><a class=\"We700JQVK913TW5TZQk6\" href=\"https:\/\/twitter.com\/intent\/tweet?in_reply_to=1981243992085057928\" target=\"_blank\" rel=\"noopener noreferrer\" aria-label=\"Reply to this Tweet on Twitter\"><\/p>\n<div class=\"SXNJIS9giXWKxuUsSwXx\"><\/div>\n<p><span class=\"qAurmX5F17a0m0GbrhOq\">Reply<\/span><\/a><button type=\"button\" class=\"EDcxfgdhQDFSaBs5yAxC\" aria-label=\"Copy link\" data-xeet-url-to-copy=\"https:\/\/twitter.com\/wublockchain12\/status\/1981243992085057928\"><\/p>\n<div class=\"O1W4EuB8WU92_ex7pGQT\"><\/div>\n<p><span class=\"ovn4FbJMqbXsfiK7gvth\" data-copy-text=\"{&quot;copied&quot;:&quot;Copied!&quot;,&quot;copyAllText&quot;:&quot;Copy link to Tweet&quot;}\">Copy link<\/span><\/button><\/div>\n<div class=\"cjgWV81BwLW_tK8FicCg\"><a class=\"tczCx_QJsiI5O2NPUrfI\" href=\"https:\/\/twitter.com\/wublockchain12\/status\/1981243992085057928\" target=\"_blank\" rel=\"noopener noreferrer\"><span class=\"LW1dI56xN0L7kAXJota7\">Read 1 reply<\/span><\/a><\/div>\n<\/article>\n<\/div>\n<\/div>\n<h2 class=\"wp-block-heading\">Exchange revival driven by new structure and stronger compliance<\/h2>\n<p>The restructuring process positioned Zettai as the key operator overseeing WazirX\u2019s revival. <\/p>\n<p>Under the court-approved plan, the company completed an extensive reorganisation to address claims arising from the 2024 hack, one of the largest in India\u2019s crypto history.<\/p>\n<p>The breach, which wiped out $230 million in user assets, left thousands of traders stranded and triggered a year-long shutdown. <\/p>\n<p>The restructuring plan ensures that creditors and affected users will be compensated through Recovery Tokens (RTs). <\/p>\n<p>These tokens represent a pro-rata share in future platform revenue and any successfully recovered assets.<\/p>\n<p>The relaunch also coincides with WazirX introducing a stronger compliance structure. <\/p>\n<p>The exchange has partnered with BitGo, a United States-based institutional digital asset custodian, to secure user funds in insured custody wallets.<\/p>\n<p>BitGo\u2019s infrastructure is compliant with international standards, offering multi-signature wallets and cold-storage security to reduce the risk of future breaches.<\/p>\n<h2 class=\"wp-block-heading\">Trading to resume with zero-fee campaign<\/h2>\n<p>In its relaunch phase, WazirX will reopen select crypto-to-crypto and USDT\/INR trading pairs, with more listings expected to follow in the coming months.<\/p>\n<p>To rebuild liquidity and encourage user activity, the company will roll out a \u201cRestart Offer\u201d, allowing users to trade with zero transaction fees for a limited period. <\/p>\n<p>The incentive aims to attract both existing customers and new traders at a time when India\u2019s crypto participation has slowed due to high taxation and increased regulatory pressure.<\/p>\n<h2 class=\"wp-block-heading\">User asset recovery and future plans<\/h2>\n<p>WazirX confirmed that all eligible creditors have been included in its user asset recovery plan, ensuring partial reimbursement for losses from the 2024 breach. <\/p>\n<p>The plan integrates blockchain-based monitoring to enhance transparency in the compensation process.<\/p>\n<p>The company\u2019s leadership described the relaunch as a step toward restoring trust in India\u2019s cryptocurrency ecosystem. <\/p>\n<p>The exchange\u2019s court-supervised recovery and insured asset protection are expected to set a precedent for other platforms navigating similar crises.<\/p>\n<p>As part of the restructuring, all operational and governance frameworks have been re-evaluated. <\/p>\n<p>The exchange\u2019s internal security policies have been upgraded to align with international custodial and compliance benchmarks, marking a shift towards institutional-grade asset management in the Indian market.<\/p>\n<p>The post <a href=\"https:\/\/invezz.com\/news\/2025\/10\/23\/wazirx-to-relaunch-after-crippling-230m-hack\/\">WazirX to relaunch after crippling $230M hack<\/a> appeared first on <a href=\"https:\/\/invezz.com\/\">Invezz<\/a><\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>WazirX, once India\u2019s largest cryptocurrency exchange by trading volume, is set to restart operations on 24 October 2025, a year after a crippling $230 million cyberattack forced it into bankruptcy. The relaunch marks the final stage of a court-approved restructuring and represents one of the most significant recoveries in India\u2019s digital asset sector. According to <\/p>\n","protected":false},"author":1,"featured_media":44581,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-44580","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-investing"},"_links":{"self":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/44580","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/comments?post=44580"}],"version-history":[{"count":0,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/44580\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media\/44581"}],"wp:attachment":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media?parent=44580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/categories?post=44580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/tags?post=44580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}