WazirX Trading Restarts Tomorrow After 1.5-Year Hack

After more than a year and a half since a significant hack, WazirX is preparing to reopen its trading platform. The exchange announced that trading will resume on October 24th, 2025. For the initial 30 days, users will benefit from zero trading fees, a move designed to facilitate a smooth transition back into trading as the platform gradually restores full functionality.

Phased Rollout of Tokens

To ensure platform stability and promote gradual liquidity build-up, WazirX will reintroduce tokens in four distinct phases over four days. On October 24th (Phase 1), several major tokens will become available for trading in the USDT market. Concurrently, the INR market will initially only feature the USDT/INR trading pair.

The rollout continues on October 25th (Phase 2) with the addition of more tokens to the USDT market. On October 26th (Phase 3), an expanded selection of tokens will be activated. Finally, on October 27th (Phase 4), all remaining tokens will go live, completing the full token rollout across all available markets.

Users will be able to place orders starting at 10:00 AM IST, with order matching commencing at 5:00 PM IST on the same day. Tokens that are live on the platform will display real-time last traded prices. For tokens not yet active, CoinMarketCap prices will be temporarily shown.

Token Updates and Withdrawals

During WazirX's operational pause, several token projects underwent changes. Some tokens were delisted as they no longer met the platform's stringent standards. Others were swapped or merged in accordance with project updates. Users are encouraged to consult the official lists provided by WazirX to ascertain the current status of their holdings.

Crypto withdrawals are scheduled to recommence on October 24th, with tokens being enabled progressively in line with the phased rollout plan. INR withdrawals have already been reinstated and are currently live. The Funds page has been reactivated and now displays rebalanced tokens, with both crypto and INR deposits now operational. For enhanced security, WazirX continues its reliance on BitGo cold wallets, a globally recognized provider managing assets exceeding $90 billion.

Guidance for Traders

WazirX has urged its user base to exercise patience during the initial days following the trading platform's restart. It is anticipated that prices may experience volatility as the market seeks equilibrium, and it will require some time for liquidity to stabilize fully.

Traders are advised against placing large market orders immediately upon the platform's reopening. It is also important to note that the prices observed on the first day may not accurately reflect the long-term value of the tokens. Staying informed through official WazirX updates will be crucial for users to navigate this period safely and effectively.

WRX Token Performance

Following WazirX's announcement regarding the platform's restart, its native token, WRX, experienced a significant surge, reaching $0.099 and achieving a gain of nearly 32% within a single day. The token's total market capitalization is currently around $37.8 million, with an unlocked market capitalization of $94.35 million.

The 24-hour trading volume for WRX also saw a notable increase of nearly 95%, indicating a growing confidence among investors as the platform prepares to go live again.

Leadership Comments

Nischal Shetty, co-founder of WazirX, stated that the platform's primary focus is currently on recovering from past challenges and generating value for its user community. He expressed gratitude to the community for their unwavering support throughout this period. Shetty emphasized that the restart, which many had deemed improbable, was made possible through collective effort and dedication.

Shetty also indicated that the zero-fee trading period might be extended, contingent on the community's response and engagement with the platform.

Trading is slated to commence tomorrow, October 24th. WazirX is committed to restoring full functionality in a secure and transparent manner. The strategy of a phased token rollout, combined with zero-fee trading, is intended to steadily rebuild liquidity and instill confidence among users. This marks a significant milestone in the exchange's journey to regain trust after an extended period of inactivity.

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