On March 18, it was reported that Indian crypto exchange Wazirx is preparing to restart operations after a major security bugs caused the platform to be compromised and caused huge financial losses. Following the hack, the exchange implemented stricter compliance measures and overhauled its security infrastructure to prevent such incidents from happening again in the future. On March 17, Wazirx announced that it has appointed Zodia Custody as its official custodian. The company is backed by the Financial Institution Group including Standard Chartered, Northern Trust, SBI Holdings, National Australia Bank (NAB) and the UAE NBD. This partnership aims to improve asset security and regulatory compliance, paving the way for the restart of Wazirx.