WazirX Relaunch: Recovery, Distrust, and Court Scrutiny
Update: 2025-10-23
Description
WazirX Relaunches After Massive Hack: Will Users Recover Their Funds? After a devastating $234 million hack that locked out millions, Indian crypto exchange WazirX is back online with zero trading fees, but users are skeptical. A new recovery token system aims to return up to 80% of frozen balances, but some users report receiving far less. Enhanced security measures and a partnership with BitGo seek to rebuild trust, yet transparency concerns linger, with the Delhi High Court demanding more details on the restructuring plan. Can WazirX deliver on its promises and regain user confidence, or will the fifteen percent shortfall and slow withdrawals continue to fuel doubt?
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