WazirX reported that attackers stole digital assets worth more than $230 million from one of its multisig wallets on 18 July 2024. The exchange paused trading three days later, calling the incident “a force majeure event beyond our control.” That was WazirX’s characterization, not a court ruling on every customer’s contractual rights. The company later reported that a Singapore restructuring scheme took effect on 15 October 2025; that milestone alone does not establish that trading resumed or that users received distributions.
What happened at WazirX?
WazirX said the attack occurred on 18 July 2024 and targeted a multisig wallet managed using Liminal’s digital-asset custody and wallet infrastructure. The company reported that more than $230 million in digital assets was stolen and said the loss deeply affected its ability to maintain 1:1 collateralization. These are WazirX’s reported incident details, not a final audited accounting. WazirX’s incident update and its 21 July statement describe the event.
WazirX’s 21 July 2024 statement also said it had contacted more than 500 exchanges to block identified addresses and had launched a white-hat bounty. The company described the proposed bounty as 10% of the reported theft, capped at $23 million. Those were announced response steps; they do not establish that any particular amount was recovered or paid.
Why did WazirX halt trading?
On 21 July 2024, WazirX said it had paused trading and temporarily paused INR and cryptocurrency deposits and withdrawals while it examined affected systems and forensic data and conducted a security audit. The company’s statement called the theft “a force majeure event beyond our control.” That phrase records WazirX’s position at the time; it does not, by itself, determine how a court would resolve contractual issues for individual customers.
#1 Best Overall
- Effortlessly build your crypto portfolio via the all in one Ledger Wallet app: buy, sell, send, receive, swap, stake and more across popular blockchains. 15,000+ coins & tokens in a single dashboard. Keep a close eye on the market. Compare service providers. Track performance. Get timely alerts. Build your portfolio with confidence.
- Effortlessly build your crypto portfolio via the all in one Ledger Wallet app: buy, sell, send, receive, swap, stake and more across popular blockchains. 15,000+ coins & tokens in a single dashboard. Keep a close eye on the market. Compare service providers. Track performance. Get timely alerts. Build your portfolio with confidence.
- Enjoy Bluetooth connectivity, iOS access, and hours of battery use with this mobile-first, secure backup signer. Freedom you can depend on.
- Genuine Check: confirm your signer is authentic during setup with the Ledger Wallet app.
- Protect your signer: keep it in mint condition at all times with a bespoke Pod or Case to avoid scratches and everyday wear and tear.
The event also led to legal proceedings. A Bombay High Court order dated 7 October 2025 refers to an approximate USD 235 million impact in the context of an arbitration involving Bitcipher and Zanmai, and discusses a proposed allocation of losses across platform users. That figure and discussion belong to that particular proceeding; they should not be treated as a blanket determination of every customer’s claim. Bombay High Court orders
How did withdrawals and restructuring proceed?
INR withdrawal phases
WazirX’s incident timeline says phased INR withdrawals began in August 2024, with eligible users able to withdraw up to a stated portion of available INR balances. This was a step concerning INR balances; it does not show that cryptocurrency withdrawals or trading reopened. WazirX incident timeline
Rank #2
- Proven security at scale: Over 9 years and millions of cards issued with no known remote hacks, while military‑grade EAL6+ security keeps your private keys locked inside the chip. Your cryptocurrencies stay strongly protected from online attackers.
- Tap once to manage your entire crypto wallet across 90 blockchains - no USB cables or Bluetooth, no batteries, no setup. Access 14,100+ coins & tokens, DeFi, NFTs, and staking instantly from your phone
- Smart backup: Use your second Tangem Wallet as your Backup keys with end‑to‑end encryption; no more papers, pictures. If one card is lost, the remaining can still restore full access, with an optional seed phrase available for advanced users.
- Engineered to last up to 25 years: Waterproof (IP69K), shockproof and tested for extreme temperatures from −25°C to 50°C. A durable cold wallet with long‑term protection and independently audited security.
- Trusted by 6 million users worldwide - buy, sell, swap, stake, and spend cryptocurrency directly. The secure offline storage wallet designed for how people actually use crypto wallets
Singapore scheme of arrangement
In August 2024, WazirX reported that Zettai had applied to the Singapore High Court for a moratorium to facilitate restructuring platform liabilities through a scheme of arrangement. WazirX’s timeline records a court setback in June 2025 and a request for further arguments. The company later said the court set aside its 4 June 2025 order and allowed a revote on an amended scheme. WazirX scheme update
In an announcement dated 16 October 2025, WazirX said the Singapore Court sanctioned Zettai’s scheme, with modification, on 13 October; the order was lodged on 15 October; and the scheme took effect that day. Team WazirX stated: “Accordingly, the Scheme takes effect from 15 October 2025.” This is a procedural milestone reported by the company. The announcement does not, by itself, establish completed distributions or a return of exchange trading. WazirX’s scheme-effective announcement
Crashes, No Sound, or Screen Glitches?
Random freezes, missing sound and display glitches usually trace back to one bad driver. Find and replace yours safely.Free scan · under a minuteWindows Errors? Fix Them Before They Spread
Repair common Windows errors and clear accumulated junk for a smoother, more stable PC - no reinstall needed.Free scan · no reinstallRank #3
- Unparalleled Security: Protect your assets with EAL 6+ Secure Element, offering robust defense and complete transparency
- Simple & Secure Interface: Manage your digital assets easily with a clear OLED screen for secure on-device confirmations
- Supports 1000s of Coins & Tokens: Securely handle thousands of assets, including Bitcoin, Ethereum, and more, all in one wallet
- Effortless Asset Management: Monitor and transact seamlessly with Trezor Suite, our intuitive desktop and mobile app
- Enhanced Backup Solution: Multi-share Backup eliminates single points of failure for secure cold wallet recovery
What is known about WazirX status now?
As of 8 October 2026, the sources available for this account do not establish whether WazirX trading has resumed, whether customers can withdraw cryptocurrency, or whether scheme distributions have been completed. Treat these as separate status questions: an INR withdrawal phase does not prove crypto withdrawals are available; an effective restructuring scheme does not prove distributions are complete; neither fact proves trading resumed. For live information, check WazirX’s current official announcements and any relevant court updates rather than inferring operational status from the scheme date.
The loss figures also come from different sources and contexts: WazirX reported theft exceeding $230 million in 2024, while the Bombay High Court’s 2025 order described the impact as approximately USD 235 million in its account of a particular dispute. Neither should be presented as a final audited total.
Quick Recap
Best Value
- All your digital assets in one place. You can manage thousands of crypto including Bitcoin, Ethereum, Solana, Tether and more.
- Defend your identity against hackers: secure your online accounts with passwordless, hardware backed, 2FA logins for all your favorite apps and websites.
- Connectivity: USB-C cable connection only. No Bluetooth.Compatible with the Ledger Wallet crypto app, both desktop (Windows, macOS, Linux) and mobile (Android only). Not compatible with iOS.
- Protect your digital assets with the industry's best security: keep your private keys offline in your private signer, battle-tested by the Donjon's white hat hackers, CC EAL 6+ certified Secure Element, constantly updated Ledger OS.
- Effortlessly build your crypto portfolio via the all in one Ledger Wallet app: buy, sell, send, receive, swap, stake and more across popular blockchains. 15,000+ coins & tokens in a single dashboard. Keep a close eye on the market. Compare service providers. Track performance. Get timely alerts. Build your portfolio with confidence.
Rank #4
- UNPARALLELED SECURITY: Protect your assets with Trezor Safe 5's NDA-free EAL 6+ Secure Element, offering robust defense and complete transparency.
- EFFORTLESS NAVIGATION: Experience seamless crypto management with the vibrant color touchscreen, designed for intuitive and user-friendly interactions.
- ENHANCED USER EXPERIENCE: Enjoy tactile confirmation with Trezor Touch Haptic Engine, making each interaction precise and engaging.
- SUPPORTS 1000s OF COINS & TOKENS: Securely handle thousands of assets, including Bitcoin, Ethereum, and more, all in one wallet.
- EASY ASSET MANAGEMENT: Monitor and transact seamlessly with Trezor Suite, our user-friendly desktop and mobile app
Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.
