WazirX, an India-focused crypto exchange whose parent company is Singapore-based Zettai Pte Ltd, is adding an AI assistant, futures trading, and a 99 rupees (US$1) monthly subscription plan that waives per-trade fees on more than 300 tokens.

The rollout comes after the exchange restarted operations in October under a court-approved restructuring plan.

Founder Nischal Shetty said profitability is now the priority because creditor repayments depend partly on it.

Under the plan, eligible users received about 85% of approved claims within 10 business days of reopening, while the rest is tied to recovery tokens and potential buybacks over three years.

The exchange entered restructuring after a July 18, 2024 hack drained about US$234.9 million in user assets.

The attack was later attributed by the US, South Korea, and Japan to North Korean hackers.

WazirX said it froze about US$3 million of the stolen assets in January.

Zettai’s scheme was sanctioned by the Singapore High Court after 95.7% of voting creditors backed it. Recovery token buybacks depend on sufficient profits and asset recoveries.

Shetty said WazirX now has 8% to 10% of India’s domestic crypto trading market, a claim that could not be independently verified.

🔗 Source: The Economic Times

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