Indian cryptocurrency exchange WazirX is set to resume trading following a 16-month suspension prompted by a significant hack attributed to the Lazarus Group. The exchange, which had been offline since the incident, is now preparing to reenter the market. The hack resulted in a loss of $230 million, severely impacting WazirX’s operations and user confidence. According to CoinMarketCap, the exchange’s return to trading marks a significant development in the Indian crypto landscape, which has faced various challenges in recent years. The resumption is expected to attract both existing and new users as WazirX aims to regain its position in the competitive cryptocurrency market.
