Wazirx Collaborates with Zodia Custody for Secure Restoration Post Significant Hack Incident
Wazirx, an Indian crypto exchange that suffered a massive security breach causing substantial financial losses, is now preparing for a comeback. Post-incident, the company has beefed up its security system and tightened compliance measures.
To boost user asset protection even further, Wazirx has partnered with Zodia Custody, a respected digital asset custodian backed by big financial institutions such as Standard Chartered, Northern Trust, SBI Holdings, National Australia Bank (NAB), and Emirates NBD.
A Trustworthy Collaboration for Compliance and Security
Zane Suren, Managing Director, Commercial, MEA at Zodia Custody, highlighted the importance of this partnership. He stated, "Zodia Custody is thrilled to partner with Wazirx for their upcoming relaunch. With our expertise in supporting institutional clients and our stringent compliance-first approach, we'll help Wazirx and its users effortlessly engage with digital assets while ensuring their capital remains secure and compliant with local laws."
Nischal Shetty, co-founder of Wazirx, too, emphasized the importance of trusted partners in ensuring a secure relaunch. He remarked, "As Wazirx readies for a new chapter, securing partnerships with reliable partners who share our commitment to a nimble and safe asset management system, along with dependable insurance coverage, becomes a necessity."
To rebuild trust, Wazirx has implemented stringent risk management protocols. Zodia Custody adds additional layers of protection with its SOC 1 Type I and SOC 1 Type II accreditations, ensuring assets stay segregated and secure.
Empowering a Safe Crypto Trading Platform
By merging a strong compliance framework with cutting-edge security, Wazirx aims to reclaim its position as a trusted platform for crypto trading. With this renewed focus on safety, the exchange is set to offer a transparent and secure trading environment upon its relaunch.
[1] WazirX Faces Legal and Regulatory Challenges in Recovery Efforts (The Crypto Daily, 2025)[2] WazirX Breach: The Aftermath and Recovery Plans (Blockchain Reporter, 2024)[3] Top Security Measures for Crypto Exchanges in a Breach Scenario (Coinspeaker, 2023)[4] WazirX Receives Overwhelming Support for Restructuring Proposal (Crypto Insider, 2025)
"Wazirx, in its pursuit of rebuilding trust and ensuring compliance, has partnered with Zodia Custody, a renowned digital asset custodian backed by significant players in the finance industry, bolstering the exchange's security measures and adhering to local laws."
"By merging the expertise of Zodia Custody, known for its strong compliance-first approach and stringent security measures, with Wazirx's renewed focus on risk management and a nimble asset management system, the general-news of a secure and transparent trading platform upon Wazirx's relaunch manifests."
