WazirX review: score, licensing and risks
46/100SCORE · DCaution
Grade D, caution
WazirX was one of India's larger exchanges until July 2024, when around 235 million dollars was stolen in a multisig compromise attributed to North Korean actors. Withdrawals were frozen and customers faced substantial losses in the restructuring that followed.
The facts
- FOUNDED
- 2018
- HEADQUARTERS
- India
- CUSTODY
- Custodial.
- MiCA / EEA
- Not applicable.
- US ACCESS
- No.
- PROOF OF RESERVES
- Publication history is inconsistent.
- FEES
- Around 0.20 percent.
- ASSETS
- 250 plus
How the score breaks down
Each dimension is explained on the methodology page.
Where it is strong and where it is not
✓ Strengths
- Was one of the larger Indian venues
✗ Weaknesses
- Around 235 million dollars stolen in 2024
- Customers took heavy losses in the restructuring
- Withdrawals were frozen for a long period
- Listed here as a warning rather than a recommendation
Incident history
2024
Around 235 million dollars was stolen in a multisig wallet compromise attributed to North Korean actors. Withdrawals were frozen, a restructuring process followed, and customers faced very large haircuts.
Our read
Included so anyone searching finds the 2024 breach and its consequences rather than an outdated review. This is what a failed exchange looks like from the customer side.
COMPARE
RISK WARNING
Crypto assets are highly volatile and largely unregulated. You can lose everything you put in.
Nothing on this page is financial, investment or tax advice, and nothing here is a recommendation
to buy or sell any asset. Do your own research and never commit money you cannot afford to lose.