WazirX to Restart Trading on Friday After $230M Hack Caused Year-Long Shutdown
CoinDesk
WazirX will resume trading on Friday following a year-long shutdown caused by a $230 million hack.Summary
WazirX, once India's largest cryptocurrency exchange, is set to resume operations on October 24, ending over a year of uncertainty following a massive security breach that resulted in the theft of over $230 million in tokens. The restart follows a restructuring approved by the Singapore High Court under its parent company, Zettai Pte. Ltd., which received near-unanimous creditor backing. Trading will initially reopen with select markets, including crypto-to-crypto pairs and USDT/INR, offering zero trading fees as a launch promotion. WazirX is also enhancing security by partnering with BitGo for insured custody solutions, aiming to rebuild trust in the Indian retail crypto community.
(Source：CoinDesk)