Exchanges with 24H trading volume exceeding --
0 /100
$409,390
33.77% 
WazirX
Questionable Regulatory License
Basic Information
Country/RegionIndia
Exchange AbbreviationWazirX
Company NameZanmai Labs Private Limited
Operating Period5-10 years
Websitehttps://wazirx.com/
Exchange TypeCentralized Exchange
RiskNotice
2 risk alerts
No Regulatory License
Be aware of the risks!
| Currency/Name | Trade | Unit Price | Change | 24H Vol | +2%/-2% Market Depth | Liquidity |
|---|---|---|---|---|---|---|
 | DENT/USDT | $0.0000965 | 14.28% | $14,449.77 | $0.00/$0.00 | 1 |
| BTC/USDT | $78,612.94 | 1.75% | $6,990.58 | $10.17K/$6.25K | 320 |
| ETH/USDT | $2,465.17 | 14.14% | $6,261.38 | $5.03K/$5.11K | 276 |
| POL/USDT | $0.11609844 | 10.48% | $4,816.16 | $5.04K/$4.95K | 152 |
| ADA/USDT | $0.21999705 | 2.68% | $4,203.91 | $5.06K/$4.96K | 205 |
| SAND/USDT | $0.04283943 | 8.14% | $3,761.32 | $2.62K/$1.24K | 1 |
| WRX/USDT | $0.01716977 | 3.39% | $3,281.07 | $0.00/$0.00 | 1 |
| SHIB/USDT | $0.0000054 | 1.64% | $2,405.24 | $5.03K/$4.97K | 224 |
| BONK/USDT | $0.00000318 | 2.15% | $1,991.55 | $5.08K/$4.95K | 77 |
| INJ/USDT | $5.77 | 11.00% | $1,912.11 | $5.16K/$2.50K | 1 |
Exchange Overview
Exchange Overview
WazirX is a leading cryptocurrency exchange in India, trusted by over 16 million registered users. Established in 2018, the platform allows users to buy, sell, and trade cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), XRP, and other popular digital assets in a secure and user-friendly environment.
Built to support both beginners and advanced traders, WazirX offers a seamless trading interface, fast order execution, and zero trading fees for all trades carried out on the platform at only INR 99 per month. The exchange has partnered with BitGo, a globally recognized digital asset custody provider, to safeguard assets and reduce counterparty risk. The platform has also integrated Fireblocks, a leading enterprise platform for digital assets, to strengthen the custody and security infrastructure of funds.
WazirX’s founder Nischal Shetty, is a seasoned blockchain entrepreneur who is passionate about decentralisation. Shetty's vision is to build a strong blockchain ecosystem to establish India as a leader in the Web3 era. Under his leadership, WazirX has become one of the few exchanges to recover from a massive cyberattack in the crypto industry. The platform restarted after undergoing a court approved restructuring scheme, while giving its users 85% of the funds back, and working towards further recovery.
WazirX focuses on ease of use, platform reliability, and customer support, making crypto trading accessible to users across emerging and global markets. With strong liquidity, robust security standards, and a growing ecosystem, WazirX continues to be a preferred choice for crypto traders seeking a reliable digital asset exchange.
WRX is the utility token of WazirX. The token holders of WRX are rewarded with various benefits on the trading exchange. The goal of WazirX is to make crypto accessible to everyone in India.
Business Region
InfluenceA0
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News
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From Ronin to WazirX: Why 55% of ‘DeFi hacks’ have NOTHING to do with code!
The most misleading phrase in crypto security may also be the most familiar one. A smart contract can execute exactly as written and still become part of a theft. If you wonder how, have you considered that the code may never be the part that breaks？ We blame smart contracts (the code), but the real vulnerability is the humans running the project. Attackers aren‘t finding brilliant math flaws; they are tricking a founder into clicking a bad link, stealing their computer’s access keys, and altering the app from the inside. Yet once funds move on-chain, these failures often get flattened into the same headline category. Yep, you guessed it right – A DeFi hack! That is the diagnosis problem. A smart-contract bug, a bridge-signature compromise, an oracle failure, a governance abuse path and a stolen private key do not describe the same wound. Once the failure is misnamed, the fix starts in the wrong place. Ethereal Ventures recently framed this as a control-plane problem – The security of the systems around the protocol, not only the protocol logic itself. AMBCrypto takes that argument in a narrower direction. In fact, before the industry debates the fix, it needs to name the failure correctly. Of course, the data
WazirX Creditors May Approve Restructuring, Singapore Court Approval Could Allow User Payouts; Ether Cited
WazirX restructuring is advancing after 95% of voting creditors approved an amended plan to restart the exchange and begin repaying users affected by the $234 million 2024 hack; if the Singapore High Court approves, distributions could start within 10 days of the scheme taking effect.95% of voting creditors approved the amended restructuring planAmended plan shifts compensation management to Zanmai India and repurchases recovery tokens using exchange profits.Nearly 150,000 creditors voted, representing over $206 million of the lost funds. WazirX restructuring: 95% of creditors approve amended plan to restart exchange and repay users after $234M hack. Learn next steps and timeline. WazirX restructuringprogress: Crypto exchange WazirX users are potentially one step closer to recovering funds more than a year after a $234 million hack of the exchange — with 95% of voting creditors greenlighting a new restructuring plan that the Singapore High Court previously rejected. The vote covered nearly 150,000 creditors representing over $206 million in claims. WazirX lost $234 million of crypto from a Safe Multisig wallet in mid-July 2024 in an attack attributed to North Korean hackers. The breach forced the exchange to pause all crypto and Indian rupee withdrawals. Source: Nischal Shetty What does creditor approval mean for WazirX fund recovery？ Creditor approval means
WazirX Founder Confirms Asset Distribution Will Be in Tokens, Not Fiat or USDT
In a tweet earlier today, Nischal Shetty, founder and CEO of WazirX, India‘s embattled crypto exchange, revealed a key detail of the company’s ongoing restructuring efforts. Shetty confirmed that WazirX will distribute assets to users in crypto tokens, not fiat or stablecoins. WazirXs Distribution Plan Pending approval of the proposed restructuring scheme, users will receive a proportional share of liquid assets based on their token holdings as of July 18, 2024. The plan addresses outstanding creditor claims and ensures distributions match users holdings on that date. “Distribution will be in tokens (as currently visible in your portfolio),” Shetty tweeted. He emphasized that the companys long-term goal is to “bring back maximum value” for users and creditors. According to the FAQ posted alongside Shettys tweet, users will be able to calculate their expected claims using the Rebalancing Calculator. This tool will display the USD and INR value of their shares as of 1 PM IST on July 18, 2024. The actual distribution of assets will be done in cryptocurrency tokens, reflecting their value at the rebalancing time. How WazirX Got Here Four months ago, WazirX was hit by a significant security breach involving one of its multi-signature wallets. The breach led to the theft of over $230
