After months of uncertainty, WazirX has announced a partnership with BitGo, a US-based digital asset custodian, in what the exchange calls a “foundational step” towards restarting operations. The collaboration is being promoted as part of WazirX’s renewed commitment to security, transparency, and trust.
BitGo is a trusted name in crypto security that’s been around for a long time. Many major financial firms and exchanges rely on them to keep money safe. WazirX partnered with BitGo to give users better protection for their funds.
In its official blog, WazirX stated that this move is more than symbolic. It’s an attempt to rebuild the exchange from the ground up, putting user safety at the core of its relaunch plans. The platform says it’s not relying on words this time, but “meaningful action.”
But for over 4.4 million users, that action still hasn’t taken the shape they’ve been waiting for: access to their funds.
On May 13, WazirX appeared in a Singapore court to seek approval for its moratorium extension. The court didn’t give an immediate green light. Instead, it requested that WazirX file another affidavit and rescheduled the next hearing for June 6, 2025. That affidavit was submitted, but since then, there’s been complete silence on what comes next.
Even in the announcement about the BitGo partnership, there was no mention of timelines for fund withdrawals. The word “safety” was used repeatedly, but it raised more questions than answers. What good is safety if the assets are still inaccessible?
Nischal Shetty, the founder of WazirX, said, “User trust and fund safety are our utmost priorities.”
He also added, “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.”
Social media platforms, especially Twitter, which once a hub for WazirX’s real-time updates, remained silent on the development. No tweet accompanied the blog post. No clarification came from the founder. For many users, this silence continues to feel deliberate.
The frustration is compounded by the fact that the partnership comes at a time when users are still left guessing. BitGo may bring credibility and better security to the table, but that doesn’t answer the question millions have been asking for months: when will users get their money back?
Trust and safety are just words if there’s no real update or action to back them up. People want straight answers, not just words. With India about to roll out crypto rules in June 2025, WazirX can’t keep dodging the tough stuff. The real issue? Users still can’t access their money. That’s what needs fixing.
There’s growing anticipation around how exchanges will fit into the regulated ecosystem. Yet, for WazirX, once one of the most dominant players in India, the future still feels stuck in limbo.
The BitGo partnership might prove critical in regaining operational integrity. But as things stand today, it only addresses one part of the problem: security. The larger issue, user access, clarity, and communication, remains unresolved.
And for millions affected, silence isn’t security. Silence is the opposite of trust.
Also Read: WazirX Crashes 7% in a Week as Court Delays Repayments Again