Mumbai, March 13, 2025 – WazirX, a leading Indian cryptocurrency exchange, today announced a partnership with BitGo Trust Company, Inc., the leading regulated digital asset custodian and infrastructure provider, to significantly enhance the security of funds on its platform. This strategic collaboration aims to highlight the measures being taken to restore user trust following a $230m cyber attack WazirX faced last year and solidify WazirX’s position as a secure and reliable exchange for Indian investors.
The exchange, which is currently undergoing a restructuring, has selected BitGo Trust as the regulated custodian of choice given the company’s track record of securing digital assets since 2013 with a specific focus and commitment to India since 2017. BitGo’s institutional-grade technological infrastructure includes multi-signature wallets with robust policies, controls, and up to $250M in insurance coverage. BitGo Trust also supports over 1,100 coins and tokens and has the broadest support of the top 100 assets by market cap, more than any other custodian in the space.
“User trust and fund safety are our utmost priorities,” said WazirX founder Nischal Shetty. “By partnering with BitGo, we are taking a decisive step towards rebuilding confidence in WazirX. Their expertise will not only enhance the security of funds but also facilitate a transparent and efficient process for distributing funds to creditors.”
WazirX’s partnership with BitGo Trust underscores WazirX’s commitment to rebuilding user trust by prioritizing fund security and implementing the industry’s highest security standards. As the trusted custodian selected to secure assets and manage distributions to Mt. Gox and FTX creditors, BitGo Trust brings proven expertise in restoring trust through safeguarding creditor assets. Upon restarting operations, WazirX users will benefit from a more secure and reliable trading experience backed by institutional-grade security measures.