Core Points - WazirX, an Indian cryptocurrency exchange, will restart operations on October 24 after a restructuring process approved by the High Court of Singapore, marking a new chapter focused on trust, transparency, and innovation [1] - The restructuring, supported by WazirX's creditors, allows the platform to resume trading and distribute tokens to creditors within 10 business days, alongside the introduction of Recovery Tokens [2] - WazirX will implement 0% trading fees across all trading pairs as part of its Restart Offer, alleviating transaction costs for users [2] Company Strategy - The relaunch will begin with select crypto-to-crypto pairs and the USDT/INR market, followed by a gradual expansion of additional trading pairs [4] - To enhance fund safety, WazirX has partnered with BitGo for institutional-grade, insured custody solutions for user assets [4] - The restructuring included token swaps, mergers, delistings, and migrations, emphasizing a commitment to user protection and regulatory transparency [5] Background and Recovery Efforts - WazirX experienced a significant exploit of $234.9 million on July 18, 2024, attributed to a cyberattack by North Korea's Lazarus Group, leading to a major recovery effort [6] - The restructuring plan was approved after over 95% of participating creditors voted in favor of it in mid-August 2025, aimed at recovering user assets and restarting operations [7]