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

ccn.comPubblicato 2025-08-23Pubblicato ultima volta 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.

Crypto di tendenza

CitreaCTR

wrapped stUSDTWSTUSDT

Velodrome FinanceVELODROME

BrevisBREV

PancakeSwapCAKE

JUSTJST

Letture associate

Andre Cronje Departs Sonic Labs Board Amid Token Slump

Key DeFi developer Andre Cronje and two other directors have resigned from the board of Sonic Labs, formerly the Fantom Foundation. The departures raise governance questions for the high-speed EVM scaling project, coinciding with a significant decline in its native token, S/FTM, which trades approximately 97% below its all-time high. Despite the board shake-up, developers state that technical execution and protocol launch timelines remain unaffected. The project's new CEO is focused on operational restructuring. The situation underscores the volatility and governance challenges within the DeFi space, with future stability dependent on transparent leadership and adherence to the technical roadmap.

bitcoinist6 h fa

Andre Cronje Departs Sonic Labs Board Amid Token Slump

bitcoinist6 h fa

Kraken Brings Solana DEX Trading Directly to Its Main App

Kraken has integrated on-chain Solana decentralized exchange (DEX) trading directly into its main application. This allows eligible customers in the US and over 100 countries to trade more than 2,500 Solana-based tokens without leaving the Kraken app, eliminating the need for separate wallets or applications. The move aims to combine the convenience and security of a centralized platform with the deep liquidity and broad token access of decentralized finance on Solana. A key benefit is direct exposure to early-stage assets not typically available on traditional exchange order books. The integration was announced on June 20, 2026.

bitcoinist7 h fa

Kraken Brings Solana DEX Trading Directly to Its Main App

bitcoinist7 h fa

Ethereum Bears Keep Control As ETH Rejects Trendline Resistance

Ethereum's (ETH) recent price rebound is still viewed as unconvincing by some analysts, with technical analysis indicating continued bearish control. ETH has failed to break above a key falling trendline and a horizontal resistance zone, forming a pattern of lower highs and lower lows. This rejection at a confluence of resistances strengthens the bearish case. The critical support zone to watch is between $1,350 and $1,500. A breakdown below this area would signal significant weakness. Currently, ETH is trapped between this support and the dominant falling resistance, keeping the market in a compressed technical state. Ethereum's struggle is also significant for the broader altcoin market, as it often sets the tone for risk appetite. The analysis concludes that bulls require a decisive break above the identified resistance before any talk of a sustained reversal is warranted.

bitcoinist8 h fa

Ethereum Bears Keep Control As ETH Rejects Trendline Resistance

bitcoinist8 h fa

TechFlow Intelligence Bureau: Anthropic IPO Odds Exceed 80%, Iran Closes Strait of Hormuz Again, Triggering Oil Price Volatility

**Market Digest** **AI & Tech:** Anthropic is widely expected to announce an IPO before November 2026, raising questions about balancing its trillion-dollar valuation ambitions with its core "AI safety" mission. Brands are increasingly adopting AI-generated virtual influencers for marketing. Cloudflare introduced temporary accounts for AI agents to ease automation workflows. **Infrastructure & Hardware:** Google's IPv6 traffic surpassed 50%, marking a major internet milestone. Goldman Sachs warned that massive projected AI capital expenditure ($5.3T) is approaching credit saturation limits, potentially curbing the "AI arms race." **Space & Robotics:** SpaceX's IPO saw a historic $370M retail buying frenzy in three days. Hyundai Motor Group plans to acquire full ownership of Boston Dynamics. Elon Musk speculated about future "septillion-dollar" investments in antimatter for interstellar travel. **Energy & Geopolitics:** Iran's military announced another closure of the strategic Strait of Hormuz, accusing Israel of violating a ceasefire, causing oil market volatility. However, ship-tracking data indicated some traffic continued. Concurrently, Iran resumed crude loadings at Kharg Island, potentially releasing up to 20 million barrels to the market. **Finance & Macro:** A European CLO (collateralized loan obligation) experienced its first post-2008-crisis-era equity tranche default, raising alarms in credit markets. Nomura warned that new Federal Reserve Chair Wash's perceived hawkish debut speech could signal a significant policy shift. **The Undercurrent:** Seemingly disparate events—the Strait of Hormuz tension, the European CLO default, and warnings on AI spending—point to a tightening of global liquidity and rising marginal costs across energy, credit, and tech investment. Meanwhile, capital continues chasing grand narratives like space exploration and advanced AI, highlighting a divergence where old-world leverage frays as new-world stories grow more ambitious.

marsbit9 h fa

TechFlow Intelligence Bureau: Anthropic IPO Odds Exceed 80%, Iran Closes Strait of Hormuz Again, Triggering Oil Price Volatility

marsbit9 h fa

ETH/BTC Ratio Falls Back To Early-2023 Levels As Traders Debate Ethereum Value

The ETH/BTC ratio has fallen back to 0.027, a level last seen in early 2023, and is significantly below its 2021 peak near 0.088. This prompts a key market debate: Is Ethereum (ETH) now a historically cheap contrarian buy against Bitcoin (BTC), or is it in a structural decline? Analyst Woetoe highlighted this question. Simultaneously, ETH's USD chart (ETHUSDT) indicates bearish correction risk. Analysis from SwallowAcademy points to a broken market structure following an aggressive weekly open, with price rolling over below the $1,774 high and a potential pullback toward the $1,660-$1,723 zone. This creates a complex setup. While ETH appears undervalued relative to BTC, its standalone technicals remain weak. The report concludes that for ETH bulls, the immediate priority is not valuation arguments but reclaiming technical strength and beginning to outperform BTC again.

bitcoinist9 h fa

ETH/BTC Ratio Falls Back To Early-2023 Levels As Traders Debate Ethereum Value

bitcoinist9 h fa

Trading

Spot

Futures

Articoli Popolari

Come comprare CA

Benvenuto in HTX.com! Abbiamo reso l'acquisto di Coupon Assets (CA) semplice e conveniente. Segui la nostra guida passo passo per intraprendere il tuo viaggio nel mondo delle criptovalute.Step 1: Crea il tuo Account HTXUsa la tua email o numero di telefono per registrarti il tuo account gratuito su HTX. Vivi un'esperienza facile e sblocca tutte le funzionalità,Crea il mio accountStep 2: Vai in Acquista crypto e seleziona il tuo metodo di pagamentoCarta di credito/debito: utilizza la tua Visa o Mastercard per acquistare immediatamente Coupon AssetsCA.Bilancio: Usa i fondi dal bilancio del tuo account HTX per fare trading senza problemi.Terze parti: abbiamo aggiunto metodi di pagamento molto utilizzati come Google Pay e Apple Pay per maggiore comodità.P2P: Fai trading direttamente con altri utenti HTX.Over-the-Counter (OTC): Offriamo servizi su misura e tassi di cambio competitivi per i trader.Step 3: Conserva Coupon Assets (CA)Dopo aver acquistato Coupon Assets (CA), conserva nel tuo account HTX. In alternativa, puoi inviare tramite trasferimento blockchain o scambiare per altre criptovalute.Step 4: Scambia Coupon Assets (CA)Scambia facilmente Coupon Assets (CA) nel mercato spot di HTX. Accedi al tuo account, seleziona la tua coppia di trading, esegui le tue operazioni e monitora in tempo reale. Offriamo un'esperienza user-friendly sia per chi ha appena iniziato che per i trader più esperti.

154 Totale visualizzazioniPubblicato il 2024.12.11Aggiornato il 2026.06.02

Discussioni

Benvenuto nella Community HTX. Qui puoi rimanere informato sugli ultimi sviluppi della piattaforma e accedere ad approfondimenti esperti sul mercato. Le opinioni degli utenti sul prezzo di CA CA sono presentate come di seguito.