WazirX to Restart Trading with Zero Fees

Core Insights - WazirX, once a leading exchange in India, will resume operations on October 24 after the Singapore High Court approved its restructuring plan, marking the end of a turbulent period following a significant security breach in 2024 [1][5][6] Group 1: Resumption of Operations - Trading will resume in phases over four days, starting October 24, with approximately 25% of all listed tokens becoming available each day, achieving full functionality by October 27 [3] - All trading will begin with zero fees for a minimum of 30 days to encourage user engagement and rebuild confidence [2] Group 2: Security and User Trust - WazirX has partnered with BitGo to implement insured, institutional-grade storage solutions, enhancing fund safety and transparency [7] - The exchange has completed various preparatory actions, including token swaps and a rebranding campaign, to facilitate a smooth relaunch [7] Group 3: User Impact and Recovery - The relaunch addresses the uncertainty faced by over 150,000 users after a major security breach where approximately $234.9 million was stolen [5] - WazirX plans to distribute tokens to creditors within 10 business days and will issue Recovery Tokens as part of its revival strategy [8]