Is WazirX’s “Restart” Tomorrow Trustworthy? Nischal Shetty Looks Back At Lessons Learnt

India’s largest crypto exchange, WazirX, is officially relaunching trading, deposits and withdrawals starting tomorrow, 24 October 2025. The exchange was halted for over a year following a massive hack, which was followed by a restructuring plan. Importantly, the exchange has promised to compensate the hack-affected creditors withing 10 business days of the relaunch.

But, the relaunch is being closely watched.

“Will you still trust this exchange or not?” contemplate investors on X. WazirX’s crypto collapse was India’s most high-profile case, leaving investors in limbo since mid-2024. Though Shetty thanked the WazirX community, investors took to X to express disappointment and grievances over the handling of the collapse.

“Moving fast towards the WazirX restart!” said Co-founder and CEO Nischal Shetty on X. “Trading starts tomorrow, 24th October. 0 Fee trading for a minimum of 30 days. We will try our best to extend even further! We want to be with our tribe and support you in whatever way we can.”

“Our focus is only YOU,” he added.

Thanks!

1. Crypto trading and withdrawals, both start from tomorrow. We will continue to add more tokens to the trading and withdrawal list.

2. INR Withdrawals are already live. https://t.co/nRy7DNwTco

— Nischal (Shardeum) (@NischalShetty) October 23, 2025

Meanwhile, many financial influencers are also asking for clarity on the WazirX “restart.”

“Many users keep asking me in DMs: When exactly will WazirX restart operations? Can you share clarity on the roadmap how & when the platform is expected to reopen?” wrote Amol.

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WazirX Restart Was Possible After Singapore High Court Approved Restructuring Plan

Shetty’s restructuring plan submitted to Singapore High Court received over 95% creditor approval. The greenlight from Singapore’s Accounting and Corporate Regulatory Authority (ACRA) has enabled the company’s “restart.”

“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,” said WazirX.

Additionally, WazirX has partnered with BitGo, the US based digital asset custodian, to handle custody of exchange assets through insured, institutional grade wallets that meet international security standards.

Furthermore, the company revealed that a few tokens have been delisted, and some have been swapped or merged based on project-led developments.

WazirX CEO and Co-Founder Nischal Shetty Looks Back At Lessons Learnt

In an exclusive chat with 99Bitcoins.com, Shetty said, “Building WazirX, India’s largest crypto exchange, gave me three lessons that directly shaped Shardeum. First, resilience and transparency are non-negotiable. In crypto, crises emerge unexpectedly, and how you respond quickly, openly, and in the user’s interest defines long-term credibility.”

“Second, scalability must be designed from day one. WazirX’s rapid growth highlighted the importance of designing systems that can handle scale and unexpected stress from day one.”

“Third, you have to build with a local mindset. WazirX thrived because we focused on solving India’s problems first rather than competing globally from day one.”

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Key Takeaways

WazirX hasintroduced a zero-trading-fee “Restart Offer” which will cover all trading pairs for a limited time.

The WazirX relaunch arrives amid shifting regulatory dynamics in India, as policymakers continue discussing a Crypto Assets Bill aimed at formalizing licensing and compliance frameworks.

The post Is WazirX’s “Restart” Tomorrow Trustworthy? Nischal Shetty Looks Back At Lessons Learnt appeared first on 99Bitcoins.

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