WazirX

WazirX

Phone Number & Contact Info

No official phone number is provided. There is no customer care number or even email.. except automated messages

About & WazirX

Once the top player in India’s crypto exchange market, now in decline following a high-profile hack in July 2024 where $235 million was stolen. The platform ceased operations shortly thereafter, and its future remains uncertain.

  • Founded in 2018 by Nischal Shetty, Siddharth Menon, and Sameer Mhatre under the corporate entity Zanmai Labs in Mumbai, India.([turn0search11])

  • Key Features & Reach:

    • Over 16 million users, offering access to 350+ cryptocurrencies and tokens via spot trading, INR P2P, and API access.(‘About WazirX’ page)

    • Acquired certain assets by Binance in 2019—helping integrate a fiat gateway—though Binance does not own equity in WazirX itself.

    • Seen as a trusted platform with emphasis on security, KYC/AML compliance, and financial inclusion.

  • Security Incident:

    • In July 2024, WazirX suffered a major hack losing ~$235M by the Lazarus Group, resulting in halted withdrawals and halted operations.

    • Post-hack, a socialized loss strategy was implemented, returning ~55% to users—sparked community backlash and transparency concerns.

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