WazirX: availability and regulation
WazirX is an Indian cryptocurrency exchange. It resumed trading in late 2025 following a major 2024 security incident and a court approved restructuring, and it serves users in India. Anyone considering it should understand the recovery context first.
Information, not advice. This is general information, not legal, tax, or financial advice. Verify the current rules with a qualified local professional and the official regulator before acting.
WazirX is one of the larger cryptocurrency exchanges in India. As of May 2026 it is registered with the Financial Intelligence Unit in India for anti money laundering supervision and serves Indian users. In July 2024 it suffered a security breach of roughly 230 million dollars, later attributed to a state linked hacking group, which froze the platform for over a year. It resumed trading in October 2025 after a Singapore court approved a creditor restructuring, and it launched futures trading in May 2026. India taxes crypto gains heavily, so understand both the recovery context and the tax rules before acting.
What WazirX is
WazirX is a centralised cryptocurrency exchange founded in 2018 and focused on the Indian market. It offers spot trading in Indian rupee and crypto pairs, and as of May 2026 it has added futures trading as part of its recovery.
The platform is custodial, which means WazirX holds assets on behalf of users. Following the 2024 incident it has stated that it partners with an institutional custodian to safeguard platform assets. Users who prefer to control their own keys would need a separate self custody wallet.
WazirX is built for Indian users and works with Indian rupee deposits. Fees and supported assets change over time, so confirm the current schedule on the platform before trading.
Registrations and licences
- India, registration. Registration with the Financial Intelligence Unit in India as a reporting entity under the Prevention of Money Laundering Act, the framework that applies to crypto platforms serving Indian users (as of May 2026).
- Security incident, 2024. In July 2024 WazirX lost roughly 230 million dollars in a breach of a multi signature wallet, later attributed to a state linked hacking group. The platform froze trading and withdrawals during the response (as of May 2026).
- Restructuring. A restructuring plan approved through the Singapore courts and backed by a large majority of creditors. Users were reported to receive around 85 percent of balances held before the incident, with the remainder issued as recovery tokens (as of May 2026).
- Resumption. Trading resumed in October 2025, and futures trading launched in May 2026, with profits stated to contribute toward further creditor recoveries (as of May 2026).
Each registration is stated as of 21 June 2026. Licences and registrations change. Confirm the current position on the regulator register and the licences page of the platform before acting.
Where WazirX is available
As of May 2026 WazirX serves users in India and is registered with the Financial Intelligence Unit for anti money laundering supervision. It is an exchange focused on India rather than a global one.
Because the platform is still working through its recovery from the 2024 incident, anyone considering it should read the current status on WazirX directly, including the position on balances, recovery tokens, and withdrawals, before depositing funds.
WazirX is one of several platforms available to users in India. Availability and the recovery context matter, so compare the exchanges that are genuinely available and registered in India before you choose.
Regulator and sources
The relevant authority is the Financial Intelligence Unit in India, which maintains the list of registered crypto reporting entities. The restructuring was handled through the Singapore courts.
- Financial Intelligence Unit, India, list of registered virtual digital asset reporting entities.
- WazirX, official announcements on trading resumption, the restructuring scheme, and futures trading.
- Court and creditor scheme materials reported in 2025 and 2026 on the WazirX restructuring.
Frequently asked questions
Is WazirX operating again?
Yes. As of May 2026 WazirX has resumed trading. It restarted in October 2025 after a Singapore court approved a creditor restructuring, and it launched futures trading in May 2026. Check the current status, including withdrawals, on WazirX directly before acting.
What happened in the WazirX hack?
In July 2024 WazirX lost roughly 230 million dollars in a breach of a multi signature wallet, later attributed to a state linked hacking group. The platform froze trading for over a year while it worked through a restructuring. This is current as of May 2026.
Is WazirX registered in India?
Yes. As of May 2026 WazirX is registered with the Financial Intelligence Unit in India as a reporting entity under the Prevention of Money Laundering Act. Confirm the current registration on the official list before acting.
How is crypto taxed in India?
As of May 2026 India taxes gains on virtual digital assets at a flat 30 percent, with a 1 percent tax deducted at source on transfers, administered by the Income Tax Department. This is general information and not tax advice. Verify the current rules before filing.
Did WazirX users get their funds back?
Under the approved restructuring, users were reported to receive around 85 percent of balances held before the incident, with the remainder issued as recovery tokens, and futures profits stated to fund further recoveries. The exact position can change, so confirm it on WazirX directly. This is general information, not advice.
Rules change frequently. Exchange availability, registrations, and the rules that govern them can change at short notice and vary by region. WazirX is still recovering from a major 2024 security incident and its balance, withdrawal, and recovery token arrangements may change. The position on this page is dated 21 June 2026. Confirm the current status with the named regulator and the platform before you act.
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