Indian cryptocurrency exchange WazirX is resuming trading operations on Friday after 16 months of closure following a crypto heist that drained $230 million from the platform.
WaziX Co-founder Nischal Shetty confirmed on X that trading will resume on Oct. 24. The tokens on the platform will be enabled for trading in phases over four days, reaching full activation by Oct. 27, according to WazirX’s blog post.
“Your support helped us achieve the impossible task of restarting,” Shetty wrote in an X post. “Now we have next step, to create more value for everyone who has been impacted.”
WazirX announced earlier on Wednesday that Indian rupee and crypto deposits have been enabled on the platform alongside an updated token balance page.
In July 2024, WazirX said North Korea’s Lazarus Group hacked the platform, targeting a vulnerability in its multisig wallet system that resulted in a theft of over $230 million. A few days later, WazirX, which was India’s largest cryptocurrency exchange at the time, suspended all trading operations.
Last week, the Singapore High Court approved WazirX’s revised restructuring plan, which received approval from 95.7% of participating creditors. This effectively paved the way for the platform to resume operations.
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