CoinDesk Podcast Network WazirX to Relaunch After $230M Hack Caused Year-Long Shutdown | CoinDesk Daily
Oct 23, 2025
WazirX is set to relaunch on October 24 after a year-long hiatus due to a major hack, assuring users of zero trading fees to regain trust. Meanwhile, Revolut has secured a MiCA license from Cyprus, allowing it to expand its crypto offerings significantly. Additionally, key discussions between crypto industry leaders and lawmakers highlight the need for structured regulations in the rapidly evolving market. This dynamic landscape of regulatory developments and business transformations in crypto is both exciting and critical for the future.
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WazirX Relaunches After Major Hack
- WazirX plans to resume trading on October 24 after a year-long halt following a $230M theft.
- Its relaunch, backed by a Singapore court restructuring, will start with zero trading fees to regain trust.
Trust Is The Main Relaunch Challenge
- The relaunch will test trust in India's crypto community shaken by past failures.
- WazirX's zero-fee promise aims to attract users but must overcome reputational damage.
Revolut Expands With MiCA License
- Revolut received a MiCA license from the Cyprus regulator to offer regulated crypto services across the EEA.
- It will launch Crypto 2.0 with 280+ tokens and zero-fee staking offering yields up to 22%.