WazirX Relaunches Amid Axi’s SelfWealth Bid Loss

Following a May court hearing, WazirX, led by CEO Nischal Shetty, has unveiled plans for its relaunch in May 2025. This move comes after a significant hack impacting the platform in 2024. Axi’s bid to acquire SelfWealth was unsuccessful, with Syfe securing the deal at AUD 65 million. The acquisition by Syfe indicates a growing investment appetite within the APAC region and strengthens regional fintech integration trends. WazirX aims to restore up to 80% of user assets, garnering over 93% creditor support. This strategic move signals a renewed focus on market operations following a hack and potentially alters the dynamics of the region’s financial landscape.