On March 18, Indian crypto exchange Wazirx is preparing to restart operations after a major security breach caused the platform to be damaged and huge financial losses. Following the hack, the exchange implemented stricter compliance measures and comprehensively revamped its security infrastructure to prevent such incidents from happening in the future. On March 17, Wazirx announced that it had appointed Zodia Custody as its official trustee, backed by financial institutions such as Standard Chartered Bank, Northern Trust, SBI Holdings, National Bank of Australia (NAB) and the UAE NBD. This partnership aims to improve asset security and regulatory compliance, paving the way for Wazirx's reboot.