WazirX Reopens: Crypto Trading and Withdrawals Return, But Wait, There’s More!

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Guess what, folks? WazirX is finally reopening its doors after being locked up tighter than your grandmother’s fine china since that massive $235 million hack back in July 2024. And yes, you read that right: the long-awaited crypto withdrawals and trading are making a comeback. 🎉

WazirX Trading: It’s Happening, but It’s a Slow Roll

Mark your calendars! The exchange is starting to roll out trading again this Friday, October 24th. Yes, this is happening after what felt like forever, and the entire crypto community is collectively holding its breath. The plan is to restart trading in phases over four days, because nothing says “we’ve got this” like a gradual rollout. By October 27th, you’ll be able to trade with full functionality. Talk about building anticipation…

WazirX took its sweet time after the hack, but hey, better safe than sorry, right? While your funds were literally just hanging out, stuck like that one email in your inbox that you keep meaning to reply to, the platform’s promising a full recovery. Here’s the scoop: each day, 25% of tokens will be available for trading, starting in the USDT market, but don’t worry, INR pairs will eventually get their moment in the spotlight. WazirX explains it all with some jargon:

“This phased rollout will help restore liquidity safely, confirm technical stability, and ensure a gradual and reliable return to normal trading across all market pairs.”*

In other words, they’re playing it safe, so don’t rush them. ⏳

But here’s the real kicker: for the first 30 days, there will be ZERO trading fees. Yup, you heard that correctly. No fees. Nada. Zip. It’s like a crypto trader’s dream come true, as long as you don’t mind waiting a bit for all the features to get back online. There’s even a chance they’ll extend the fee-free window if the community behaves. 🙌

Speaking of getting back online, WazirX also reopened INR and crypto deposits recently, so things are looking up. But here’s the thing: we still don’t have a concrete date for withdrawals. But no worries, the big boss, Nischal Shetty, took to X to share the deets. Turns out, INR withdrawals are already live, and crypto withdrawals will kick off right alongside trading this Friday. So, the waiting game is almost over!

Now, let’s talk about the court drama. WazirX’s parent company, Zettai Pte Ltd (yes, they’ve got a Singaporean legal drama going on), had to get a court green light for a restructuring plan. After several months of court action that probably involved a lot of paperwork, the plan was finally approved earlier this month. That’s when WazirX made it all official on October 15th. And just like they promised, they’re right on track to get things going by October 24th. Talk about sticking to your word! 📅

But wait-there’s more drama! In July, CoinDCX, another major Indian crypto exchange, had its own hack attack, stealing $44 million in internal assets. Hackers have been busy, folks, and many believe that both the WazirX and CoinDCX hacks were the handiwork of the notorious North Korean Lazarus Group. Yikes! 💀

Bitcoin Price Update: It’s Not All Sunshine

And finally, in the world of actual crypto prices, Bitcoin is hanging out at $109,400. It’s down a bit (1.7% to be exact) over the past week, so let’s hope this WazirX reopening gives it the boost it desperately needs.

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2025-10-24 07:14