{"id":107119,"date":"2025-10-23T13:08:31","date_gmt":"2025-10-23T13:08:31","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=107119"},"modified":"2025-10-23T13:08:31","modified_gmt":"2025-10-23T13:08:31","slug":"is-wazirxs-restart-tomorrow-trustworthy-nischal-shetty-looks-back-at-lessons-learnt","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=107119","title":{"rendered":"Is WazirX\u2019s \u201cRestart\u201d Tomorrow Trustworthy? Nischal Shetty Looks Back At Lessons Learnt"},"content":{"rendered":"

India\u2019s largest crypto exchange, WazirX, is officially relaunching<\/a> 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, t<\/span>he exchange has promised to compensate the hack-affected creditors withing 10 business days of the relaunch.\u00a0<\/span><\/p>\n

But, the relaunch is being closely watched.<\/p>\n

\u201cWill you still trust this exchange or not?\u201d contemplate<\/a> investors on X. WazirX\u2019s crypto collapse was India\u2019s most high-profile case, leaving investors in limbo since mid-2024.Though Shetty thanked the WazirX community, investors took to X to express<\/a> disappointment and grievances over the handling of the collapse.<\/span><\/p>\n

\u201cMoving fast towards the WazirX restart!\u201d said Co-founder and CEO Nischal Shetty on X. \u201cTrading 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.\u201d<\/span><\/p>\n

\u201cOur focus is only YOU,\u201d he added.\u00a0<\/span><\/p>\n

Thanks! <\/p>\n

1. Crypto trading and withdrawals, both start from tomorrow. We will continue to add more tokens to the trading and withdrawal list.<\/p>\n

2. INR Withdrawals are already live. https:\/\/t.co\/nRy7DNwTco<\/a><\/p>\n

\u2014 Nischal (Shardeum) (@NischalShetty) October 23, 2025<\/a><\/p>\n\n

Meanwhile, many financial influencers are also asking for clarity on the WazirX \u201crestart.\u201d<\/p>\n

\u201cMany users keep asking me in DMs: When exactly will <\/span>WazirX<\/span> restart operations? Can you share clarity on the roadmap how & when the platform is expected to reopen?\u201d wrote <\/span>Amol.<\/p>\n

DISCOVER:\u00a0<\/span>Best Meme Coin ICOs to Invest in 2025<\/span><\/a><\/strong><\/p>\n

WazirX Restart Was Possible After Singapore High Court Approved Restructuring Plan<\/strong><\/h2>\n

Shetty\u2019s restructuring plan submitted to Singapore High Court received over 95% creditor approval. The greenlight from Singapore\u2019s Accounting and Corporate Regulatory Authority (ACRA) has enabled the company\u2019s \u201crestart.\u201d<\/span><\/p>\n

\u201cThis phased rollout will help restore liquidity safely, confirm technical stability, and ensure a gradual and reliable return to normal trading across all market pairs,\u201d said WazirX.\u00a0<\/span><\/p>\n

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.<\/span><\/p>\n

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

Read More: 99Bitcoins Interview: WazirX CEO on India\u2019s Crypto Boom Amid Policy Void<\/a><\/strong><\/p>\n

WazirX CEO and Co-Founder Nischal Shetty Looks Back At Lessons Learnt<\/h2>\n

In an exclusive chat with 99Bitcoins.com, Shetty said, \u201cBuilding WazirX, India\u2019s 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\u2019s interest defines long-term credibility.\u201d<\/p>\n

\u201cSecond, scalability must be designed from day one. WazirX\u2019s rapid growth highlighted the importance of designing systems that can handle scale and unexpected stress from day one.\u201d<\/p>\n

\u201cThird, you have to build with a local mindset. WazirX thrived because we focused on solving India\u2019s problems first rather than competing globally from day one.\u201d<\/p>\n

EXPLORE:\u00a020+ Next Crypto to Explode in 2025<\/a><\/strong><\/p>\n

Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/a><\/strong><\/p>\n

<\/span><\/p>\n

\n

Key Takeaways<\/h2>\n


\n <\/span><\/p>\n


\n <\/span> WazirX hasintroduced a zero-trading-fee \u201cRestart Offer\u201d which will cover all trading pairs for a limited time.\u00a0<\/span><\/p>\n


\n <\/span><\/p>\n


\n <\/span>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.<\/span><\/p>\n


\n <\/span><\/p>\n


\n <\/span><\/p>\n

<\/span><\/p>\n<\/div>\n

<\/p>\n

The post Is WazirX\u2019s \u201cRestart\u201d Tomorrow Trustworthy? Nischal Shetty Looks Back At Lessons Learnt<\/a> appeared first on 99Bitcoins<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

India\u2019s 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.\u00a0 But, the […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-107119","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/107119"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=107119"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/107119\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=107119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=107119"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=107119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}