WazirX Reopens: Check The Date For When Crypto Withdrawals, Trading Start

Indian exchange WazirX is set to restart crypto trading and withdrawals for the first time since the July 2024 hack. Here’s the full ￰0￱ Trading Restart Will Begin Rolling Out This Friday As announced in a new blogpost , WazirX is finally gearing up to restart ￰1￱ crypto platform has been inoperational since July 2024, when it fell prey to a massive $235 million ￰2￱ funds have remained stuck with WazirX in this period, but with the exchange now rolling out a restart, creditors should at last be able to get their digital assets ￰3￱ to the blog post, the platform will enable trading in phases over four days, starting October 24th and reaching full activation by October ￰4￱ day, around 25% of all tokens will go on ￰5￱ this initial rollout, all tokens will be available for trading in the USDT market, but INR trading pairs outside of USDT/INR will be gradually enabled ￰6￱ explained: This phased rollout will help restore liquidity safely, confirm technical stability, and ensure a gradual and reliable return to normal trading across all market ￰7￱ Indian exchange is also set to offer zero trading fees for the first 30 days of the restart, with a potential extension depending on how the community responds to ￰8￱ trading restart announcement comes a day after WazirX reopened both INR and crypto ￰9￱ the blog post contained no clarification about when withdrawals will start, the platform’s founder and CEO, Nischal Shetty, has shared the relevant info in an X ￰10￱ has noted that INR withdrawals are already live on the exchange, with crypto withdrawals beginning alongside the trading restart on Friday.

“We will continue to add more tokens to the trading and withdrawal list,” said the WazirX CEO. WazirX’s reopening arrives after several months of proceedings in Singapore’s High Court, where the platform’s parent company, Zettai Pte Ltd, a Singaporean entity, had to obtain the green light for a restructuring ￰11￱ High Court finally approved the scheme earlier this month, and WazirX made it active on October ￰12￱ exchange had promised a restart within 10 business days, and with the plan to restart on October 24th, it appears to be right on ￰13￱ July of this year, CoinDCX , another major Indian crypto exchange, also suffered a ￰14￱ stole around $44 million in digital assets, but in this case, the tokens came from the exchange’s own internal treasury, not user ￰15￱ timing of the hack was eerie, as it occurred exactly one year and one day after the WazirX ￰16￱ WazirX hack has been linked with the North Korean Lazarus Group, and CoinDCX’s event is also suspected to involve the same or a similar ￰17￱ Price At the time of writing, Bitcoin is trading around $109,400, down 1.7% over the past week.