{"id":54450,"date":"2025-10-23T13:34:08","date_gmt":"2025-10-23T13:34:08","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=54450"},"modified":"2025-10-23T13:34:08","modified_gmt":"2025-10-23T13:34:08","slug":"is-wazirxs-restart-tomorrow-trustworthy-nischal-shetty-looks-back-at-lessons-learnt","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=54450","title":{"rendered":"Is WazirX\u2019s \u201cRestart\u201d Tomorrow Trustworthy? Nischal Shetty Looks Back At Lessons Learnt"},"content":{"rendered":"<div>\n<p><span style=\"font-weight: 400\">India\u2019s largest crypto exchange, WazirX, is officially <a href=\"https:\/\/wazirx.com\/blog\/trading-to-resume-on-wazirx-with-zero-trading-fee-from-24th-october\/\" rel=\"nofollow\" target=\"_blank\">relaunching<\/a> trading, deposits and withdrawals starting tomorrow, 24 October 2025. The exchange was halted for over a year following a massive hack, which was followed by a restructuring plan. Importantly, t<\/span><span style=\"font-weight: 400\">he exchange has promised to compensate the hack-affected creditors withing 10 business days of the relaunch.\u00a0<\/span><\/p>\n<p>But, the relaunch is being closely watched.<\/p>\n<p><span style=\"font-weight: 400\">\u201cWill you still trust this exchange or not?\u201d <a href=\"https:\/\/x.com\/SujalJethwani\/status\/1981256385108050233\" rel=\"nofollow\" target=\"_blank\">contemplate<\/a> investors on X. WazirX\u2019s crypto collapse was India\u2019s most high-profile case, leaving investors in limbo since mid-2024.Though Shetty thanked the WazirX community, investors took to X to <a href=\"https:\/\/x.com\/satyamnishant11\/status\/1981232317936107663\" rel=\"nofollow\" target=\"_blank\">express<\/a> disappointment and grievances over the handling of the collapse.<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cMoving fast towards the WazirX restart!\u201d said Co-founder and CEO Nischal Shetty on X. \u201cTrading starts tomorrow, 24th October. 0 Fee trading for a minimum of 30 days. We will try our best to extend even further! We want to be with our tribe and support you in whatever way we can.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cOur focus is only YOU,\u201d he added.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Thanks! <\/p>\n<p>1. Crypto trading and withdrawals, both start from tomorrow. We will continue to add more tokens to the trading and withdrawal list.<\/p>\n<p>2. INR Withdrawals are already live. <a href=\"https:\/\/t.co\/nRy7DNwTco\" rel=\"nofollow\" target=\"_blank\">https:\/\/t.co\/nRy7DNwTco<\/a><\/p>\n<p>\u2014 Nischal (Shardeum) <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/16.0.1\/72x72\/1f53c.png\" alt=\"\ud83d\udd3c\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> (@NischalShetty) <a href=\"https:\/\/twitter.com\/NischalShetty\/status\/1981282616213979396?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">October 23, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Meanwhile, many financial influencers are also asking for clarity on the WazirX \u201crestart.\u201d<\/p>\n<p><span class=\"css-1jxf684 r-bcqeeo r-1ttztb7 r-qvutc0 r-poiln3\">\u201cMany users keep asking me in DMs: When exactly will <\/span><span class=\"r-18u37iz\">WazirX<\/span><span class=\"css-1jxf684 r-bcqeeo r-1ttztb7 r-qvutc0 r-poiln3\"> restart operations? Can you share clarity on the roadmap how &amp; when the platform is expected to reopen?\u201d wrote <\/span>Amol.<\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER:\u00a0<\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-meme-coin-icos\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">Best Meme Coin ICOs to Invest in 2025<\/span><\/a><\/strong><\/p>\n<h2><strong>WazirX Restart Was Possible After Singapore High Court Approved Restructuring Plan<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">Shetty\u2019s restructuring plan submitted to Singapore High Court received over 95% creditor approval. The greenlight from Singapore\u2019s Accounting and Corporate Regulatory Authority (ACRA) has enabled the company\u2019s \u201crestart.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cThis phased rollout will help restore liquidity safely, confirm technical stability, and ensure a gradual and reliable return to normal trading across all market pairs,\u201d said WazirX.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Additionally, WazirX has partnered with BitGo, the US based digital asset custodian, to handle custody of exchange assets through insured, institutional grade wallets that meet international security standards.<\/span><\/p>\n<p>Furthermore, the company revealed that a few tokens have been delisted, and some have been swapped or merged based on project-led developments.<\/p>\n<p><strong>Read More: <a href=\"https:\/\/99bitcoins.com\/people\/nischal-shetty-wazirx-crypto-adoption-india\/\">99Bitcoins Interview: WazirX CEO on India\u2019s Crypto Boom Amid Policy Void<\/a><\/strong><\/p>\n<h2>WazirX CEO and Co-Founder Nischal Shetty Looks Back At Lessons Learnt<\/h2>\n<p>In an exclusive chat with 99Bitcoins.com, Shetty said, \u201cBuilding WazirX, India\u2019s largest crypto exchange, gave me three lessons that directly shaped Shardeum. First, resilience and transparency are non-negotiable. In crypto, crises emerge unexpectedly, and how you respond quickly, openly, and in the user\u2019s interest defines long-term credibility.\u201d<\/p>\n<p>\u201cSecond, scalability must be designed from day one. WazirX\u2019s rapid growth highlighted the importance of designing systems that can handle scale and unexpected stress from day one.\u201d<\/p>\n<p>\u201cThird, you have to build with a local mindset. WazirX thrived because we focused on solving India\u2019s problems first rather than competing globally from day one.\u201d<\/p>\n<p><strong>EXPLORE:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">20+ Next Crypto to Explode in 2025<\/a><\/strong><\/p>\n<p><strong><a class=\"general-link\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"nofollow noopener\">Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/a><\/strong><\/p>\n<p><span style=\"font-weight: 400\">    <\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h2 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h2>\n<p><span style=\"font-weight: 400\">    <\/p>\n<ul class=\"nnbtc-key-takeaways__list\">\n        <\/ul>\n<p><\/span><\/p>\n<p><span style=\"font-weight: 400\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        <\/li>\n<p><\/span><span style=\"font-weight: 400\"> WazirX hasintroduced a zero-trading-fee \u201cRestart Offer\u201d which will cover all trading pairs for a limited time.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\"><br \/>\n    <\/span><\/p>\n<p><span style=\"font-weight: 400\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n         <\/li>\n<p><\/span><span style=\"font-weight: 400\">The WazirX relaunch arrives amid shifting regulatory dynamics in India, as policymakers continue discussing a Crypto Assets Bill aimed at formalizing licensing and compliance frameworks.<\/span><\/p>\n<p><span style=\"font-weight: 400\"><br \/>\n    <\/span><\/p>\n<p><span style=\"font-weight: 400\"><br \/>\n    <\/span><\/p>\n<p><span style=\"font-weight: 400\">    <\/span><\/p>\n<\/div>\n<p>    <\/span><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/bitcoin-btc\/is-wazirxs-restart-tomorrow-trustworthy-nischal-shetty-looks-back-at-lessons-learnt\/\">Is WazirX\u2019s \u201cRestart\u201d Tomorrow Trustworthy? Nischal Shetty Looks Back At Lessons Learnt<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>India\u2019s largest crypto exchange, WazirX, is officially relaunching trading, deposits and withdrawals starting tomorrow, 24 October 2025. The exchange was halted for over a year following a massive hack, which was followed by a restructuring plan. Importantly, the exchange has promised to compensate the hack-affected creditors withing 10 business days of the relaunch.\u00a0 But, the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-54450","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/54450","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=54450"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/54450\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=54450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=54450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=54450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}