Withdraw from WazirX: What’s Working and What’s Not in September 2025

As of October 2025, WazirX has made major strides toward recovery after the $235 million cyberattack in July 2024. This blog provides the latest updates on WazirX’s withdrawal processes, reflecting the successful court-approved restructuring and imminent relaunch of operations.

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Background on WazirX’s Situation

In July 2024, WazirX suffered a massive security breach, attributed to the North Korean hacker group Lazarus Group, resulting in the loss of over $235 million in crypto assets. Trading and withdrawals were suspended as WazirX’s Singapore-based parent, Zettai Pte Ltd, navigated a restructuring plan approved by the Singapore High Court in October 2025.

The process involved a Scheme of Arrangement aimed at returning ~75–80% of user funds, followed by platform relaunch.

Withdraw from WazirX– INR

WazirX has partially restored INR withdrawals, with the following updates:

• Phased Resumption: Since August 2024, INR withdrawals resumed in phases, allowing up to 66% of balances (33% per phase). As of early 2025, users can withdraw 100% of INR balances, subject to conditions.
• Verification Requirements: Enhanced KYC verification is mandatory for some accounts, particularly for large withdrawals.
• Processing Time: Withdrawals take 5–10 business days due to heightened security checks and coordination with banking partners.
• User Experience: Some users report delays, especially for high-value withdrawals. Check WazirX’s official X account (@WazirXIndia) or support for case-specific guidance.

Withdraw from WazirX- Crypto

The status of crypto withdrawals now is significantly updated:

• Suspension Lifted Soon: As of September 2025, crypto withdrawals were still suspended. However, with the Scheme now sanctioned and filed, crypto withdrawals are expected to restart after relaunch, not just remain pending. Mudrex+2WazirX+2
• Restructuring Plan & Timeline: The restructuring plan approved by the Singapore High Court on October 13 2025 allows re-enablement of crypto withdrawals and trading from October 24 2025, in phased token releases. Business Standard
• Exceptions / Partial Enablement: WazirX is enabling tokens in phases — for example, starting with USDT/INR pairs and expanding. Withdrawals will mirror this phased activation.
• What This Means for You: If you held crypto assets in WazirX before July 18 2024, you should monitor announcements closely. Withdrawals will become available very soon, but expect initial restrictions on token lists and withdrawal limits.

Users should monitor WazirX’s blog or X posts for updates on crypto withdrawal timelines.

ALSO READ: WazirX User Access Issues: Why Did Users Lose Access to Crypto on WazirX? 

Steps to Withdraw from WazirX

If you’re looking to withdraw funds, follow these steps:

1. Log In: Access your WazirX account and ensure your KYC details are up to date.
2. Check Balance: Verify your INR or crypto balance in the “Funds” section.
3. Initiate Withdrawal:
   • For INR, navigate to the INR withdrawal section and follow the prompts.
   • For crypto, check if your specific assets are eligible for withdrawal (most are currently restricted).
4. Complete Verification: Be prepared for additional KYC or security checks, especially for large withdrawals.
5. Monitor Status: Track your withdrawal request via the platform or support tickets.

Challenges and Considerations

• Delays: Even with INR withdrawals, processing times can vary due to banking restrictions or internal audits.
• Asset Safety: The security breach has raised concerns about the safety of remaining assets. WazirX claims to be prioritizing user funds, but risks remain until full operations are restored.
• Tax Implications: In India, crypto withdrawals may trigger tax obligations (e.g., 30% capital gains tax). Consult a tax professional before proceeding.
• Customer Support: Response times from WazirX’s support team can be slow due to high query volumes.

Alternatives to Withdrawing

If withdrawals are delayed or restricted, consider these options:

• Wait for Updates: Monitor WazirX’s restructuring progress, as it may lead to clearer timelines for crypto withdrawals.
• Explore Other Exchanges: If you have assets elsewhere or can transfer funds (when possible), platforms like CoinDCX or Binance India may offer more stable withdrawal options.
• Legal Recourse: Some users have explored legal action to recover funds, though this can be time-consuming and costly.

Conclusion

While WazirX has historically struggled with frozen withdrawals and investor frustration, October 2025 marks a major turning point. With the court-approved Scheme of Arrangement and platform relaunch scheduled, both INR and crypto withdrawals are expected to become functional again, albeit in a phased manner.

For now: make sure your KYC is complete, wallet/bank details are updated, monitor official announcements, and prepare to withdraw from WazirX soon. But remember: full restoration will take time, assets are still under systematic phased control, and patience remains key.

Stay cautious, prioritise the safety of your funds, and treat the relaunch as a reset rather than a complete return to “business as usual”.

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