Is the Trustworthiness of WazirX’s “Restart” Tomorrow in Question? Nischal Shetty Reflects on Lessons Learned

India’s foremost digital currency trading platform, WazirX, is officially resuming trading, deposits, and withdrawals starting tomorrow, 24 October 2025. The trading protocol was inactive for more than a year following a significant hack, which led to a restructuring initiative. Notably, the exchange has committed to reimbursing the creditors affected by the exploit within 10 business days of the relaunch.

However, the relaunch is under close scrutiny.

“Will you place your trust in this trading platform once again?” ponder investors on X. WazirX’s crypto downfall was the most notable case in India, leaving investors in uncertainty since mid-2024. Although Shetty expressed gratitude to the WazirX community, investors turned to X to voice their discontent and concerns regarding the management of the collapse.

“We are swiftly approaching the WazirX restart!” announced Co-founder and CEO Nischal Shetty on X. “Trading commences tomorrow, 24th October. Zero Fee trading for at least 30 days. We will strive to prolong this period! We want to stand by our community and assist you in every possible way.”

“Our priority is solely YOU,” he continued.

Thanks!

1. Crypto trading and withdrawals will both resume tomorrow. We will keep adding more tokens to the trading and withdrawal roster.

2. INR Withdrawals are already operational. https://t.co/nRy7DNwTco

— Nischal (Shardeum) (@NischalShetty) October 23, 2025

In the meantime, numerous financial influencers are also seeking clarification about the WazirX “restart.”

“Many users keep inquiring via DMs: When precisely will WazirX resume operations? Can you provide clarity on the roadmap detailing when and how the network is expected to reopen?” remarked Amol.

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WazirX’s Restart Was Made Possible After the Singapore High Court Approved Its Restructuring Plan

Shetty’s restructuring proposal presented to the Singapore High Court achieved over 95% creditor approval. The endorsement from Singapore’s Accounting and Corporate Regulatory Authority (ACRA) has facilitated the company’s “restart.”

“This gradual rollout will assist in safely restoring market fluidity, confirming technical stability, and ensuring a steady and dependable return to regular trading across all trading market pairs,” stated WazirX.

Moreover, WazirX has partnered with BitGo, a US-based digital asset custodian, to manage custody of trading network assets using insured, institutional-grade wallets that adhere to international security standards.

Additionally, the organization disclosed that several tokens have been delisted, while some have been swapped or merged according to project-driven developments.

Read More: 99Bitcoins Interview: WazirX CEO Discusses India’s Crypto Boom Amid Policy Gap

WazirX CEO and Co-Founder Nischal Shetty Reflects on Lessons Learned

In an exclusive discussion with 99Bitcoins.com, Shetty mentioned, “Establishing WazirX, India’s largest crypto trading protocol, imparted three lessons that directly influenced Shardeum. Firstly, resilience and transparency are indispensable. In crypto, crises arise unexpectedly, and your swift, open, and user-centric response greatly influences long-term credibility.”

“Secondly, scalability needs to be integrated from the outset. WazirX’s rapid expansion underscored the need for creating systems capable of managing scale and unforeseen stress right from day one.”

“Lastly, one must develop with a local perspective. WazirX succeeded because we concentrated on addressing India’s challenges first rather than competing globally from the very start.”

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The article Is WazirX’s “Restart” Tomorrow Trustworthy? Nischal Shetty Reflects on Lessons Learned first appeared on 99Bitcoins.