wazirx

The Delhi High Court demanded a fresh investigation in response to allegations of financial irregularities and a North Korean-linked hack.

Indian crypto exchange WazirX faces mounting challenges after the Delhi High Court ordered a fresh investigation into the platform on Dec. 18 — the same day Binance announced it would delist the exchange’s native token WRX.
The probe, spurred by allegations of a prior hack and concerns over financial irregularities, signals intensifying scrutiny on the beleaguered exchange.
The court’s directive came after Advocate Jaivir Bains filed a petition calling for criminal proceedings against WazirX in connection with a July 2024 breach that resulted in a loss of $235 million in crypto.
Initial reports from Delhi police concluded that no criminal case could be substantiated, but Justice Sanjeev Narula rejected the findings and required an updated status report by February 2025.
The investigation highlights lingering doubts about WazirX’s operational integrity, particularly in light of allegations that a North Korean hacking group orchestrated the breach. Despite a partial recovery effort led by cybersecurity firm Cyfirma, the exchange admitted that 43% of customer funds remain unrecoverable.
Binance delisting
The legal development comes as Binance announced it would delist WRX, citing a failure to meet compliance standards.
The delisting, effective Dec. 25, triggered a 59% drop in WRX’s value, reflecting eroded investor confidence. Binance has also denied ownership of WazirX, alleging the exchange is controlled by Zanmai Labs, which operates under the jurisdiction of India’s Financial Intelligence Unit.
While WazirX attempts to regain stability, including plans to relaunch its platform and introduce a decentralized exchange, critics have highlighted deficiencies in its crisis management and transparency. “The court’s move to demand a fresh probe reflects the severity of the allegations and raises questions about the future of WazirX,” said a legal analyst familiar with the case.
WazirX has pledged to rebuild with enhanced services, but the combination of regulatory scrutiny, financial losses, and market instability poses a formidable challenge for the once-prominent exchange.
#wazirX $WRX

Rumour.app has it that after more than a year of total silence following the infamous $230 million Lazarus Group hack, India’s WazirX exchange is suddenly staging a dramatic comeback — offering zero-fee trading for 30 days in what looks like an all-out PR redemption arc.
The problem? Not everyone’s buying it.

The crypto community still remembers the liquidity freeze, the suspicious fund movements, and the finger-pointing between Binance and WazirX that followed the 2022 meltdown.
ZachXBT didn’t hold back either — his post went viral:
“Smoking crack is likely safer than trusting WazirX.” 💀
Despite the skepticism, early traders are circling like vultures — hunting quick arbitrage, wash-trade incentives, and hoping the exchange has truly upgraded its security architecture. But can trust really be rebuilt when reputations have already burned?
Would you dare to deposit a single sat there again — or is this just the calm before another rug? 🧐
#WazirX #Traderumour $ALT @rumour.app #traderumour

Date: 23 October 2025
Crypto world में एक साल बहुत लंबा होता है. और WazirX, जो कभी India का सबसे बड़ा exchange था, वो पिछले साल July 2024 के $230M hack के बाद पूरी तरह अंधेरे में चला गया था. अब finally, court-approved restructuring (under Zettai Pte. Ltd., Singapore) के बाद, WazirX वापस आ रहा है. Relaunch हो रहा है 24 October 2025 को — और honestly, ये India की crypto history का सबसे बड़ा comeback लग रहा है.
🚀 The Relaunch Plan
WazirX का relaunch phases में होगा:
Crypto-to-Crypto और USDT/INR pairs से शुरुआतFirst phase में zero trading fees to attract users backPartnership with BitGo for institutional-grade custody & protection
मतलब पहले trust rebuild होगा, फिर धीरे-धीरे staking, margin, futures जैसे advanced features वापस आएंगे.
🔍 What’s Different This Time
Hack के बाद WazirX ने अपनी पूरी infra को revamp किया है:
Multi-signature cold storageIndependent smart-contract auditsReal-time reserve trackingSingapore High Court approved legal restructuring
ये सब measures basically दिखाते हैं कि अब exchange सिर्फ comeback नहीं कर रहा, बल्कि transparency और reliability को core बना रहा है.
⚠️ Community Sentiment & Recovery
Community mixed है. Optimism है, लेकिन cautious भी हैं लोग.
कई users अभी भी clarity चाहते हैं asset recovery पर (2024 hack से).WazirX कह रहा है कि reimbursements और frozen balances gradually address होंगे, verified KYC और wallet audits के साथ.
Zero-fee campaign और BitGo partnership definitely positive signals हैं, but let’s be real — असली test होगा community confidence वापस लाना.
💬 Final Thoughts
WazirX का ये comeback सिर्फ एक relaunch नहीं है. ये एक resilience का statement है पूरे Indian crypto ecosystem के लिए.
अगर नया structure टिक गया, तो ये सिर्फ WazirX की जीत नहीं होगी, बल्कि Indian exchanges के लिए एक rebirth moment होगा — stronger compliance, better security, और global standards के साथ.
WazirX का ये comeback बहुत symbolic है. मतलब, $230M hack के बाद कोई भी exchange उठना almost impossible लगता है, but they’re proving otherwise.
Zero fees, BitGo custody, और legal restructuring — सब अच्छे steps हैं. But community trust regain करना ही असली challenge है.
I mean, अगर WazirX इस बार consistent रहा, तो ये सिर्फ India का नहीं, पूरे Asia का सबसे बड़ा crypto turnaround story बन सकता है.

#WazirX #WazirXScam #IndiaCrypto

Sàn giao dịch tiền điện tử WazirX, từng là nền tảng lớn nhất tại Ấn Độ, đã đạt được bước tiến đáng kể trong nỗ lực thu hồi tài sản bị đánh cắp từ vụ hack trị giá 230 triệu USD hồi tháng 7/2024. Sau 4 tháng điều tra và phối hợp pháp lý, #WazirX đã đóng băng thành công 3 triệu USD USDT.
Hành trình thu hồi tài sản
Vụ tấn công mạng vào WazirX đã làm mất 45% lượng dự trữ của sàn, với các token ERC-20 trên mạng $ETH là mục tiêu chính. Ngay sau sự cố, WazirX đã khởi động các cuộc điều tra và được Tòa án Tối cao Singapore phê duyệt lệnh tạm ngừng nghĩa vụ thanh toán trong 4 tháng để tiến hành tái cấu trúc nợ.
Trong tháng 9/2024, các nhà phân tích từ Arkham Intelligence đã theo dõi khoảng 50 triệu USD tài sản bị đánh cắp được chuyển qua Tornado Cash, một công cụ trộn tiền điện tử giúp kẻ tấn công rửa tiền. Lần chuyển tiền lớn nhất, trị giá khoảng 10 triệu USD ETH, được ghi nhận vào ngày 25/9.

Nỗ lực minh bạch và hợp tác quốc tế
Tháng 10/2024, WazirX cam kết công khai thông tin về 240.000 địa chỉ ví và số dư, nhằm tăng cường minh bạch trong quá trình tái cấu trúc.
Vụ việc này cũng thu hút sự chú ý quốc tế khi một tuyên bố chung từ Mỹ, Nhật Bản, và Hàn Quốc cáo buộc vụ tấn công có liên quan đến Triều Tiên và nhóm hacker #LazarusGroup . Tuyên bố nhấn mạnh rằng các cuộc tấn công mạng như vậy đe dọa sự ổn định của hệ thống tài chính toàn cầu, đồng thời cảnh báo rằng nguồn tiền bị đánh cắp có thể được sử dụng để phát triển vũ khí hủy diệt hàng loạt.
Những vụ hack lớn nhất năm 2024
Vụ hack WazirX đứng thứ ba trong số các vụ tấn công mạng lớn nhất năm 2024, sau:
DMM Bitcoin: 308 triệu USD.PlayDapp: 290 triệu USD.

Kết luận
Với bước tiến quan trọng này, WazirX đang dần khôi phục niềm tin từ người dùng và ngành công nghiệp crypto. Tuy nhiên, vụ việc cũng nhấn mạnh sự cần thiết của các giải pháp bảo mật mạnh mẽ hơn để bảo vệ tài sản trong một lĩnh vực đầy rủi ro.#anhbacong

India’s leading crypto exchange, WazirX, is making its comeback on October 24, 2025, following a court-approved restructuring after a major hack.

As part of its “Restart Offer”, WazirX will roll out zero trading fees across all pairs for the first 30 days.



🔍 Why This Matters for Crypto
The relaunch comes after a ~$230-$235 million hack and year-long shutdown — a major test of user confidence.
Zero-fee trading may drive mass inflows, boost trading volumes, and reignite interest in Indian crypto markets.
This move could impact global platforms too — as Indian users look to trade locally, liquidity patterns may shift across regional exchanges.


📊 What Traders Should Watch
Monitor volume spikes in the new WazirX markets (initial pair USDT/INR + crypto-crypto) starting Oct 24.
Ensure your asset transfers and wallet balances are ready ahead of the relaunch — liquidity may be volatile.
Watch regional coin demand: increased Indian market activity could influence altcoin flows globally.



❓Micro-Questionnaire for Traders
1️⃣ Will you trade on WazirX when it resumes?

2️⃣ Do you think zero-fee trading will significantly boost Indian market volume?

3️⃣ Could a rejuvenated Indian exchange increase global altcoin liquidity?


Drop your thoughts 👇

#WazirX #cryptoindia #ZeroFeeTrading #BinanceFeed #CryptoMarkets

Crypto exchange WazirX is moving forward with its recovery efforts after last year’s $234 million hack, as nearly 95% of creditors voted in favor of a revised restructuring plan. This decision comes after the Singapore High Court rejected an earlier proposal over regulatory concerns.
Fresh Vote and Revised Plan
According to WazirX, around 150,000 creditors participated in the latest vote, representing more than $206 million of affected funds. The plan retains the recovery token model, which allows users to receive tokens representing unrecovered balances. These tokens will be repurchased gradually using profits and recovered assets, with holders eligible for periodic payouts.
Operational Shift and New Entity Involvement
One major adjustment is the management of repayments. Instead of being handled by WazirX’s Singapore-based parent company Zettai, the responsibility will now fall under Zanmai India, an entity regulated by India’s Financial Intelligence Unit. Additionally, the exchange created Zensui Corporation in Panama to oversee services previously run out of Singapore.
Timeline and User Concerns
WazirX founder Nischal Shetty stated that if the Singapore High Court approves the plan, operations could restart and user compensation could begin within 10 days. This is significantly faster than the earlier two to three-month timeline estimated by restructuring advisor George Gwee of Kroll.
However, without creditor support, repayments could be delayed until 2030, leaving liquidation of assets as the only fallback option. Many users remain skeptical of the shifting corporate structures and regulatory obstacles. Some also raised concerns about unaffected holders whose tokens appreciated since the hack, potentially leaving them at a disadvantage under the recovery scheme.
Next Steps
While creditor approval marks progress, the revised restructuring plan still requires review from the Singapore High Court. As of now, WazirX has not issued an updated timeline for when compensation will begin.
The post appeared first on CryptosNewss.com
#WazirX $WRX

After more than a year in the dark, WazirX India’s leading crypto exchange is set to make a powerful comeback.
The platform, which was hit by a massive $230 million hack in July 2024, has completed a court-approved restructuring under Zettai Pte. Ltd. (Singapore). Now, with renewed security measures and a fresh strategy, WazirX is relaunching operations on October 24, 2025, marking one of the most significant recoveries in India’s crypto history.
🚀 The Relaunch Plan
According to official updates, WazirX will reopen in phases, beginning with:
Crypto-to-Crypto and USDT/INR pairsZero trading fees during the first phase to attract users backPartnership with BitGo for institutional-grade asset custody and protection
This phased reopening aims to rebuild user trust and ensure security remains top priority before reintroducing full-scale services like staking, margin, and futures trading.
🔍 What’s Different This Time
After the hack, which caused one of the largest losses in Indian crypto history, WazirX revamped its infrastructure with:
Enhanced multi-signature cold storageIndependent smart-contract auditsReal-time reserve trackingLegal restructuring approved by the Singapore High Court
These measures are designed to protect users’ assets and demonstrate the exchange’s commitment to transparency and reliability.
⚠️ Community Sentiment & Recovery
While the relaunch has been met with optimism, many traders remain cautious.

Some users are still waiting for clarity on asset recovery from the 2024 hack, though WazirX’s team says that reimbursements and frozen balances will be addressed gradually through verified KYC and wallet audits.
The zero-fee campaign and new security backing may help WazirX regain ground, but the true test will be restoring community confidence in the coming months.
💬 Final Thoughts
WazirX’s return is more than just a relaunch it’s a statement of resilience for India’s crypto ecosystem.

If the new structure holds strong, this could mark the rebirth of Indian exchanges under stronger global compliance and security frameworks.
#WazirX #CryptoINDIA