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WazirX Restores Operations After $230 Million Cyberattack Disruption
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WazirX will restart trading after recovering from a US$230 million hack, launching improved security systems and regulatory-compliant verification to restore investor confidence.
India-based crypto exchange WazirX announced plans to resume trading following a year-long hiatus caused by a US$230 million security breach. The platform implemented advanced multi-signature cold wallets and endpoint monitoring tools to prevent future intrusions. CEO Nischal Shetty confirmed the relaunch will include upgraded KYC protocols and user compensation mechanisms. Analysts said the reopening signals renewed trust in Indian crypto infrastructure amid ongoing regulatory uncertainty. WazirX’s roadmap also outlines an independent audit partnership to verify system resilience before the phased rollout begins later this quarter.