Wazirx is preparing to relaunch with the support of Zodia Custody

ChainCatcher news, according to Bitcoin.com, the Indian cryptocurrency exchange Wazirx is preparing to resume operations after a significant security breach that compromised the platform and resulted in substantial financial losses. Following the hack, the exchange implemented stricter compliance measures and overhauled its security infrastructure to prevent such incidents in the future.

On March 17, Wazirx announced the appointment of Zodia Custody as its official custodian, a company supported by financial institutions such as Standard Chartered Bank, Northern Trust, SBI Holdings, National Australia Bank (NAB), and Emirates NBD. This partnership aims to enhance asset security and regulatory compliance, paving the way for Wazirx's relaunch.