Wazirx plans to relaunch with support from Zodia Custody

On March 18th, it was reported that the Indian cryptocurrency exchange Wazirx is preparing to resume operations after a major security breach resulted in the platform being compromised and significant financial losses. Following the hack, the exchange has implemented stricter compliance measures and completely revamped its security infrastructure to prevent such incidents in the future. On March 17th, 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 UAE NBD. This partnership aims to enhance asset security and regulatory compliance, paving the way for Wazirx's relaunch.