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WazirXcryptocurrency exchange based in India, is is preparing to resume work on October 24 after being offline for over a year.
The platform paused due to a major security incident in July 2024, where $234 million was lost in a hack.
WazirX is offering zero trading fees for at least the first 30 daysCEO Nischal Shetty announced relaunch on October 23rd and mentioned that the free period could be extended depending on user response.
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He emphasized the company’s goal to support its customers during this recovery phase.
The return of the platform will take place in stages over four days, according to a blog post. Users can get started sending orders every day at 10:00 IST, with order matching starting at 17:00 IST. Initially, only trading pairs involving USDT will be available.
Indian Rupee trading will start with one USDT
USDT
$1.00
/INR parwith additional options to be added later.
WazirX explained that this phased approach is intended to test the platform’s systems and ensure smooth resumption of trading.
During the shutdown, there were changes to several token projects. As a result, WazirX reviewed its token lists. Some assets have been removed, while others have been updated by replacement or merger.
WazirX recently received approval from the Singapore High Court to continue its recovery efforts. What did Shetty say? Read the full story.
