Binance Enhances Trading Capabilities Amid WazirX Recovery Efforts

As WazirX prepares to resume operations in mid-May following a $235 million hack, Binance is making strategic moves to bolster its trading services. This article covers the latest developments in the crypto space, including WazirX’s recovery timeline, regulatory challenges, and Binance’s new initiatives.

WazirX Aims Mid-May Restart After $235M Hack

WazirX, hit by a $235 million hack, plans to restart operations mid-May. Indian crypto investors eagerly await the return. The Zettai team announced key dates for the first distribution of lost crypto assets. India’s Supreme Court dismissed a petition by hack victims due to regulatory ambiguity. Bitcoin, trading at $61,000 when WazirX was hacked, reached $109,000 in January 2025.

Binance Transfers Altcoins and Launches Trading Bots

Binance will transfer 17 altcoins, including ONDO, BIGTIME, VIRTUAL, and meme coins like MUBARAK, BROCCOLI, BANANAS31, TUT, COOKIE, from Alpha Account to Spot Account on April 22. Trading Bots services for select USDC pairs will also go live the same day, though users from some regions won’t have access.