WazirX to Relaunch After $230M Hack Caused Year-Long Shutdown | CoinDesk Daily

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4.7 • 698 Ratings

🗓️ 23 October 2025

⏱️ 3 minutes

🔗️ Recording | iTunes | RSS

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Summary

WazirX will start trading again after a year-long shutdown. WazirX will resume operations on October 24, according to an email sent to creditors. The restart follows a Singapore High Court–approved restructuring plan and WazirX will launch with a promise of zero trading fees. Will this be a test of trust for the shaken Indian crypto community? CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily." - Break the cycle of exploitation. Break down the barriers to truth. Break into the next generation of privacy. Break Free. Free to scroll without being monetized. Free from censorship. Freedom without fear. We deserve more when it comes to privacy. Experience the next generation of blockchain that is private and inclusive by design. Break free with Midnight, visit midnight.network/break-free - Bridge simplifies global money movement. As the leading stablecoin issuance and orchestration platform, Bridge abstracts away blockchain complexity so businesses can seamlessly move between fiat and stablecoins. From payroll providers and remittance companies to neobanks and treasury teams, Bridge powers payments, savings, and stablecoin issuance for thousands – like Shopify, Metamask, Remitly, and more. URL: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://hubs.ly/Q03KGbRK0⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ - OwlTing (Nasdaq: OWLS) is building invisible rails for global payments. With OwlPay, businesses and users can bridge fiat and stablecoins, send money instantly across borders, and access stablecoin checkout at lower costs. Licensed worldwide, OwlTing delivers secure, compliant, and regulated infrastructure for the digital economy. Learn more at ⁠⁠⁠⁠⁠owlting.com⁠⁠⁠⁠⁠. - This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Taylor Fleming.

Transcript

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0:00.0	Wazer X to resume operations and Revolut receives its Mika license.
0:04.0	You're watching Coin Desk Daily.
0:05.2	I'm your host, Jen Sanasi.
0:10.8	Wazer X, once India's largest crypto exchange is set to resume operations on October 24th, according to an email sent to creditors.
0:19.6	The relaunch ends more than a year of uncertainty
0:21.3	after the collapse that saw over $230 million in tokens stolen from the exchange. Its return
0:26.8	follows a restructuring plan approved by the Singapore High Court, and Wasser X will launch with a
0:31.5	promise of zero trading fees. The return will now be a major test in trust for an Indian crypto
0:36.1	community shaken by past failures.
0:38.2	Utility or privacy. The transparency of traditional blockchains forces a difficult choice,
0:43.4	break free from this limitation with midnight. Just like the internet made information global,
0:47.8	stable coins are making money global and bridge, a stripe company is powering that shift.
0:53.3	Looking for a faster, cheaper way to move money worldwide,
0:56.0	Owl Ting listed on the NASDAQ as Owls, is building the rails for stable coin payments.
1:00.8	Revolut has received Amiga license from the Cypress Securities and Exchange Commission. The new
1:04.8	license allows the FinTech firm to provide regulated crypto services to its customers across
1:09.3	all 30 countries in the European economic area.
1:12.0	The company also announced plans to roll out crypto 2.0 an expanded platform featuring over 280 tokens and zero fee staking with yields of up to 22%.
1:21.0	Revolut says the new platform will also include direct one-to-one stable coin to USD conversion with no spread.
1:27.4	And crypto CEOs met several Senate Democrats on Wednesday to discuss the next steps for market
1:31.8	structure legislation. The same crew moved on to a similar meeting with Republican lawmakers
1:36.1	the same afternoon, after which a key GOP senator urged Democrats to return to negotiations.
	...

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