WazirX Set to Resume Trading After 16-Month Hiatus Post-Hack
Peter Zhang Oct 24, 2025 08:13
Indian crypto exchange WazirX will restart trading after a 16-month shutdown due to a $230 million hack by the Lazarus Group, according to CoinMarketCap.
Indian cryptocurrency exchange WazirX is poised to recommence trading activities after a significant 16-month suspension, following a crippling hack. The exchange, once India's largest, suffered a $230 million security breach orchestrated by the notorious Lazarus Group, prompting an immediate cessation of all operations.
WazirX To Resume Operations
WazirX, once a leading name in India's cryptocurrency market, is set to restart its trading services on Friday. This decision comes after an extended hiatus triggered by a substantial security breach that halted operations and froze user funds. Co-founder Nischal Shetty announced that trading on the platform will resume on October 24, with token trading capabilities being reinstated progressively over a span of four days.
The Impact of the Lazarus Group Hack
The Lazarus Group, a cybercrime outfit with a reputation for targeting financial institutions, was responsible for the breach that forced WazirX offline. The hack's impact was profound, not only affecting WazirX's operations but also shaking the confidence of investors and users in the Indian cryptocurrency ecosystem.
Security Enhancements and Future Prospects
In response to the hack, WazirX has reportedly implemented robust security measures to safeguard against future threats. The exchange's return is anticipated to rejuvenate the Indian cryptocurrency market, providing a platform for traders who have been eagerly awaiting its reopening.
WazirX's resumption of services marks a significant milestone in its recovery journey, reflecting broader trends in the cryptocurrency industry towards enhancing security and resilience against cyber threats. As the exchange prepares to reopen, stakeholders are keenly observing how it will navigate the challenges of regaining trust and stability in a competitive market landscape.
For more detailed information, visit the official announcement on CoinMarketCap.
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