WazirX Resumes Trading After 16-Month Shutdown, But Withdrawals Still Locked

ccn.comPublicado a 2025-08-23Actualizado a 2025-10-24

Key Takeaways

WazirX restarts trading 16 months after its 2024 hack.
Users can deposit and trade from Oct. 24, though withdrawals remain paused.
The exchange will roll out services gradually through Oct. 27 to ensure stability.

India’s once-dominant crypto exchange WazirX has reopened its trading platform — nearly a year and a half after a $230 million hack brought operations to a standstill.

The relaunch follows court-approved restructuring in Singapore, clearing the way for the company to restart its exchange in phases. Users can now trade USDT and INR pairs on zero-fee terms, with full trading functionality expected by October 27.

Withdrawals, however, remain suspended — a key sticking point for users still waiting to recover lost funds.

Try Our Recommended Crypto Exchanges

Bitget

promotions

Earn rewards worth up to 5,000 USDT on your first deposit

Coins

Claim Offer

Bitunix

promotions

Receive up to $100,000 worth of exclusive gifts for newcomers upon registration.

Coins

Claim Offer

Zoomex

promotions

Gain $5 Bonus in USDT when you meet the minimum total Derivatives trading volume of $30,000.

Coins

Claim Offer

A Slow, Phased Return

According to WazirX , trading will resume gradually to maintain liquidity and system stability.

Approximately 25% of tokens will be enabled each day from Oct. 24 to 27.

Trading opened to users at 10:00 AM IST, with order matching commencing at 5:00 PM IST.

The rollout marks the end of a 16-month suspension that began in July 2024, after the platform suffered one of India’s largest crypto hacks.

The breach drained an estimated $230–$235 million, forcing the company into court-supervised restructuring.

Users React: Excitement Meets Skepticism

Reaction online has been mixed.

Many longtime WazirX traders welcomed the relaunch as a long-awaited recovery milestone, while others voiced doubts about security and fund accessibility.

CEO Nischal Shetty thanked users for their patience:

“We want to be with our tribe and support you. Our focus is only YOU.”

The new app interface now shows users their rebalanced asset values, which reportedly reflect 60–70% increases in USD terms compared with pre-hack valuations.

Still, several users report they cannot withdraw INR, with the app showing “locked” messages when attempting to transfer funds.

Recovery Tokens and Restructuring

Under the exchange’s recovery plan, creditors and affected users receive “Recovery Tokens” representing claims on recovered assets.

The company estimates 75–85% fund recovery once the process is complete.

Token swaps, delistings, and on-chain migrations were finalized earlier this week, setting the stage for trading to resume.

While the relaunch has restored some confidence, questions linger about transparency, liquidity, and the timeline for reopening withdrawals.

For many users, trust will depend on what happens next, not on what has been promised.

Criptos en tendencia

CitreaCTR

wrapped stUSDTWSTUSDT

Lecturas Relacionadas

As the Clarity Act Adoption Is Delayed Until September, the U.S. Securities and Exchange Commission (SEC) Takes a Critically Important Step for Cryptocurrencies! 'All...

The U.S. Senate has delayed consideration of the significant crypto-focused "Clarity Act" until at least September. In response, the U.S. Securities and Exchange Commission (SEC) is taking a crucial step to advance its own crypto regulatory framework. The SEC is scheduled to hold an open meeting to discuss and potentially approve a draft proposal for rules governing the initial public offerings (IPOs) of certain investment contracts tied to crypto assets. This internal draft, developed over several months, will be reviewed to decide if it should be released for public comment. If approved internally, a public comment period of at least 60 days would follow. The ultimate rules and their timeline remain uncertain, as the SEC would review feedback and potentially revise the proposal before a final vote and implementation months later. This framework is broadly referred to as "Crypto Regulation." While the market has reacted positively to the SEC's move, analysts note this is likely the first of several expected regulatory actions aimed at providing greater clarity for crypto markets, especially following the Senate's delay on broader legislation.

cryptonews.ruHace 9 min(s)

As the Clarity Act Adoption Is Delayed Until September, the U.S. Securities and Exchange Commission (SEC) Takes a Critically Important Step for Cryptocurrencies! 'All...

cryptonews.ruHace 9 min(s)

Hyperliquid is Strongly Strangling HyperEVM

The article analyzes the apparent failure of HyperEVM, the application engine of the Hyperliquid blockchain, contrasting it with the success of its core trading engine, HyperCore. Hyperliquid operates on a dual-engine architecture. HyperCore is a closed, high-performance order-book exchange for perpetuals and spot trading, which dominates on-chain volume and generates massive fees. HyperEVM, launched in February 2025, is an EVM-compatible layer meant for DeFi applications like lending and DEXs, which can access HyperCore's liquidity. Despite Hyperliquid's overall strength in a bear market, a stark divergence exists: * **HyperCore (Trading):** Captures over half of on-chain perpetual volume, generating ~$56M in fees over 30 days. * **HyperEVM (Applications):** All DeFi protocols combined generate less than $60M in fees. TVL is shrinking, daily active addresses are low (~8k), and the ecosystem lacks diversity. The DEX sector is particularly anemic, with most volume concentrated in a single protocol. The article identifies four key reasons for HyperEVM's struggles: 1. **Core Monopoly on Execution:** HyperCore exclusively handles order matching. This makes native DEXs on HyperEVM redundant and limits viable applications to those leveraging its order book (e.g., staking, lending). 2. **Architectural Concentration:** Shared liquidity across interfaces naturally leads to a "winner-takes-most" outcome, explaining the high concentration in both the trading (e.g., trade.xyz) and application layers. 3. **"No Insider" Philosophy:** Hyperliquid's commitment to fair launch means it provides no grants, business development, or marketing support to ecosystem projects, stunting growth. 4. **Complex Developer Experience:** The asynchronous design between HyperEVM and HyperCore (via the CoreWriter contract) creates non-standard development hurdles, as EVM transactions don't roll back if the core action fails. The conclusion is that HyperEVM's weakness is a deliberate trade-off, not an accident. Hyperliquid prioritized building an unbeatable trading engine, sacrificing the development of a broad, independent application ecosystem. HyperEVM functions more as a tokenization layer for HyperCore's liquidity rather than a general-purpose chain. The debate isn't whether it's "dead"—it serves a niche—but whether Hyperliquid ever intended to build a thriving, diverse DeFi ecosystem beyond its core trading product.

marsbitHace 38 min(s)

Hyperliquid is Strongly Strangling HyperEVM

marsbitHace 38 min(s)

UltraPure Applied Materials Lists on Shenzhen Stock Exchange: Annual Revenue of 5 Billion, Post-Adjustment Net Profit of 2 Billion, Market Cap of 51.2 Billion

SuperPure Applied Materials (Stock Code: 301717) debuted on the Shenzhen Stock Exchange's ChiNext board. The company issued 25.4615 million shares at an offering price of 65.99 yuan per share, raising approximately 1.68 billion yuan. The stock opened at 450 yuan, soaring 582% from the IPO price, and closed at 503 yuan, up 662%, giving the company a market capitalization of 51.2 billion yuan. The company specializes in special coating processes and related technologies and materials, providing precision components and services for the semiconductor manufacturing and precision optics sectors. Its products cover core equipment parts for wafer fabrication, packaging, and silicon wafer manufacturing, with notable technical advantages in etching, lithography, measurement/inspection, annealing, and thin-film deposition equipment. Financially, SuperPure reported revenues of 169 million, 260 million, and 496 million yuan for 2023, 2024, and 2025 respectively, with corresponding net profits of 64.8 million, 82.26 million, and 185 million yuan. For Q1 2026, revenue reached 147 million yuan, a 62% year-over-year increase. The company forecasts H1 2026 revenue between 270 to 290 million yuan and net profit between 103 to 110 million yuan. The company's controlling shareholder and actual controller is Chai Jie, who directly and indirectly controls 48.23% of the voting rights. Together with his brother Chai Lin, a concerted action person, they control a total of 68.84% of the voting rights. Major pre-IPO shareholders included GSD Venture Capital, BYD, and AMEC.

marsbitHace 1 hora(s)

UltraPure Applied Materials Lists on Shenzhen Stock Exchange: Annual Revenue of 5 Billion, Post-Adjustment Net Profit of 2 Billion, Market Cap of 51.2 Billion

marsbitHace 1 hora(s)

Altcoin Network Hacked, Putting Three Days of Transactions at Risk! Exchanges Halt Trading!

The Ravencoin (RVN) network, a Proof-of-Work altcoin, has been hacked due to a critical consensus vulnerability. Attackers created invalid blocks, with the first known one appearing on August 7, 2026. This could force a deep blockchain reorganization, potentially rolling back transactions from up to three days. Major mining pools have started mining an alternative chain to exclude the hacked branch. If this chain becomes dominant, it could revert the network to its pre-August 7 state, risking the reversal of exchange deposits and withdrawals. The Ravencoin team has advised exchanges to temporarily halt RVN deposits and withdrawals. Exchanges like Bithumb and Upbit have suspended RVN transactions and issued warnings. Following the news, the price of RVN dropped approximately 20%.

cryptonews.ruHace 1 hora(s)

Altcoin Network Hacked, Putting Three Days of Transactions at Risk! Exchanges Halt Trading!

cryptonews.ruHace 1 hora(s)

SharpLink reports $394M in Q2 net loss fueled by ETH decline

SharpLink, the second-largest corporate Ether treasury, reported a $394 million net loss for Q2 2026, a significant increase from a $103 million loss in the same period last year. The loss was primarily driven by $321 million in unrealized crypto losses and $76 million in impairments on staked ETH tokens. Despite the loss, the company generated $11.5 million in revenue, mostly from ETH staking, and increased its cash reserves to $56 million. SharpLink holds a total of 863,000 ETH, valued at approximately $1.46 billion, making its performance highly sensitive to Ether's price, which fell about 23% in the quarter. The company recently resumed ETH purchases after an eight-month pause. SharpLink's stock price declined 3.9% on the announcement, contributing to a 30% year-to-date drop. Bitmine remains the largest corporate ETH holder with 5.54 million ETH.

cointelegraphHace 1 hora(s)

SharpLink reports $394M in Q2 net loss fueled by ETH decline

cointelegraphHace 1 hora(s)

Trading

Spot

Artículos destacados

Cómo comprar CA

¡Bienvenido a HTX.com! Hemos hecho que comprar Coupon Assets (CA) sea simple y conveniente. Sigue nuestra guía paso a paso para iniciar tu viaje de criptos.Paso 1: crea tu cuenta HTXUtiliza tu correo electrónico o número de teléfono para registrarte y obtener una cuenta gratuita en HTX. Experimenta un proceso de registro sin complicaciones y desbloquea todas las funciones.Obtener mi cuentaPaso 2: ve a Comprar cripto y elige tu método de pagoTarjeta de crédito/débito: usa tu Visa o Mastercard para comprar Coupon Assets (CA) al instante.Saldo: utiliza fondos del saldo de tu cuenta HTX para tradear sin problemas.Terceros: hemos agregado métodos de pago populares como Google Pay y Apple Pay para mejorar la comodidad.P2P: tradear directamente con otros usuarios en HTX.Over-the-Counter (OTC): ofrecemos servicios personalizados y tipos de cambio competitivos para los traders.Paso 3: guarda tu Coupon Assets (CA)Después de comprar tu Coupon Assets (CA), guárdalo en tu cuenta HTX. Alternativamente, puedes enviarlo a otro lugar mediante transferencia blockchain o utilizarlo para tradear otras criptomonedas.Paso 4: tradear Coupon Assets (CA)Tradear fácilmente con Coupon Assets (CA) en HTX's mercado spot. Simplemente accede a tu cuenta, selecciona tu par de trading, ejecuta tus trades y monitorea en tiempo real. Ofrecemos una experiencia fácil de usar tanto para principiantes como para traders experimentados.

125 Vistas totalesPublicado en 2024.12.11Actualizado en 2026.06.02

Discusiones

Bienvenido a la comunidad de HTX. Aquí puedes mantenerte informado sobre los últimos desarrollos de la plataforma y acceder a análisis profesionales del mercado. A continuación se presentan las opiniones de los usuarios sobre el precio de CA (CA).