Crypto exchange WazirX is reportedly planning to resume its trading operations this coming Friday (October 24, 2025) following 16 long months of closure. As widely reported, WazirX had been forced to suspend trading activity after a massive hack / security breach that resulted in a loss of over $230 million from the Indian digital assets platform.
WazirX Co-founder Nischal Shetty stated via social media that trading will commence this Friday. The digital tokens on the platform will be supported for trading in phases over a period of 4 days, reaching complete activation by Octoer 27 (as per WazirX’s official statement).
Shetty acknowledged the support which helped them achieve the seemingly impossible task of restarting services. He added that they have planned out the next steps in order to create more value for everyone who was impacted.
In July of 2024, WazirX has claimed that North Korea‘s Lazarus Group had hacked the crypto platform by exploiting a critical vulnerability in its multisig wallet system. This attack led to theft of more than $235 million in assets. And only a few days after that, WazirX, which had been one of India’s largest crypto exchanges in terms of scope of operations, announced the suspension of trading activity.
Recently, the Singapore High Court announced that it had approved WazirX’s updated restructuring proposal, which had been approved by 95.7% of participating creditors. This has now finally resulted in the platform resuming operations in the coming days.
Although Wazirx may come back online, customer trust has been lost. Currently, the company has disabled comments on its official X account. Previously, many users had been complaining through social media about their dissatisfaction regarding how WazirX handled the situation following the hack.
While it has been established by independent investigations that the Lazarus Group was responsible for the hack, WazirX’s management did not really do the best job of communicating effectively with customers. Meanwhile, other exchanges such as ByBit have had far better responses and were up and running long before WarirX, even though the ByBit hack was a lot more damaging and serious.
Proper management and accepting responsibility are all signs of maturity and good leadership, an area where WazirX has a lot of room for growth.
