WazirX to Resume Operations Oct. 24, Creditors to Receive Token Payouts Within 10 Days

Mumbai, Oct. 23, 2025 – Indian crypto exchange WazirX announced it will resume operations on October 24. This marks a critical development for the beleaguered platform.

Furthermore, the exchange pledged to begin token-based payouts to creditors. These repayments are scheduled to commence within ten days of reopening. The move aims to resolve a prolonged suspension that left thousands of users unable to access their funds.

WazirX Restart Follows Extended Suspension

The platform’s suspension dragged on for several months. It stemmed from a combination of persistent liquidity issues and intense regulatory scrutiny. This dual pressure effectively crippled operations.

Consequently, users found themselves locked out of their accounts. This sparked widespread frustration and damaged confidence in the domestic crypto market. The freeze followed deep-seated concerns about the exchange’s financial health.

What’s Live Now
1.The Funds page is now live with rebalanced tokens
2.INR deposits are open
3.Crypto deposits are open

🔜 What’s Next
We’re now working on withdrawals and trading. Stay tuned for an update very soon.

For crypto cold wallets, we have been using @BitGo from…

— Nischal (Shardeum) 🔼 (@NischalShetty) October 23, 2025

Creditors to Receive Token Payouts

WazirX management outlined a specific repayment plan for affected users. Eligible creditors will receive payouts, reportedly denominated in high-liquidity tokens like Bitcoin ($BTC$), Ethereum ($ETH$), and the stablecoin $USDC$.

This “in-kind” distribution strategy appears designed to avoid liquidating crypto assets at distressed prices. A spokesperson stated the exchange aims to “make users whole” through this token-based approach, which will be managed via a new recovery portal.

Regulator Oversight and Legal Background

The exchange’s difficulties were magnified by regulatory headwinds. India’s Enforcement Directorate (ED) had previously investigated WazirX over alleged foreign exchange violations. Separately, the Financial Intelligence Unit (FIU) flagged serious compliance gaps.

The situation remains complex. WazirX claims it has since implemented robust upgrades to its platform. These enhance its Anti-Money Laundering (AML) and Know Your Customer (KYC) protocols.

The exchange must now prove these new compliance systems are not just superficial fixes. They must be robust enough to satisfy both domestic regulators and international partners. These reforms were apparently crucial for securing the green light to restart.

WazirX Resume Operations Backed by New Liquidity Partners

This plan to resume operations is not happening in a vacuum. The comeback is reportedly supported by a consortium of new liquidity partners.

While the investors remain unidentified, their involvement was vital. It provides the necessary capital base to facilitate user withdrawals.

Nischal Shetty, WazirX CEO, commented on the relaunch. “Our priority is restoring full access and rebuilding trust,” Shetty said. “This restart marks a new, compliant chapter for WazirX and reflects our commitment to the Indian ecosystem.”

Market Reaction and User Sentiment

The announcement sparked immediate, though mixed, reactions. On X (formerly Twitter), user sentiment ranged from cautious optimism to outright skepticism. Many are adopting a “wait-and-see” approach, contingent on withdrawals being processed smoothly.

Can WazirX restore user trust after months of halted withdrawals? Analysts note the exchange is racing against the clock to regain credibility. The smooth execution of WazirX token payouts will be a litmus test for market confidence.

Outlook: Rebuilding Trust as WazirX Resumes Operations

As WazirX resumes operations, the focus shifts from mere survival to long-term sustainability. The exchange’s failure was a significant blow to India’s crypto ecosystem. Its recovery, if successful, could signal newfound resilience.

However, the platform re-enters a highly competitive market. It faces rivals that have strengthened their regulatory footing, such as those listed among the best crypto platforms of 2025.

A great deal is at stake. The outcome will likely influence regulatory approaches to exchange failures in the region for years to come, as noted by analysts at CoinDesk. Will this restart set a new precedent for crypto recovery cases in India?

Key Takeaways:

• WazirX to resume operations on Oct. 24 after a lengthy suspension.
• Creditors to receive token payouts ($BTC$, $ETH$, $USDC$) starting within 10 days.
• Compliance reforms were implemented following scrutiny from India’s ED and FIU.
• New liquidity partners are backing the relaunch to ensure withdrawal capabilities.
• Recovery seen as a test of India’s crypto resilience and user trust.