WazirX to Restart Trading on Friday After $230M Hack Caused Year-Long Shutdown

Why It Matters

The move aims to return liquidity and user activity but leaves WazirX facing regulatory scrutiny and the challenge of rebuilding customer trust after the high-profile hack.

Summary

WazirX said it will resume trading on Friday after a year-long shutdown triggered by a $230 million security breach that froze assets and halted withdrawals, marking the final step in a recovery process. The restart follows extensive remediation and controls to restore platform operations for India's oldest crypto exchange. The move aims to return liquidity and user activity but leaves WazirX facing regulatory scrutiny and the challenge of rebuilding customer trust after the high-profile hack.