WazirX to resume trading on Friday, ending 16-month suspension from hack

Indian cryptocurrency exchange WazirX is set to resume trading operations on Friday, October 24th, concluding a 16-month suspension that began after a major security breach. Co-founder Nischal Shetty confirmed the date, stating that trading will be phased in over four days, achieving full activation by October 27th. The platform had previously enabled Indian rupee and crypto deposits. The suspension followed a July 2024 hack, attributed to North Korea's Lazarus Group, which exploited a vulnerability in the multisig wallet system, resulting in the theft of over $230 million. The resumption of services was made possible after the Singapore High Court approved WazirX's revised restructuring plan, which secured approval from 95.7% of participating creditors.

(Source：The Block)