Malachite green (MG) has been used as a food coloring agent, food additive, medical disinfectant as well as a dye in silk, wool, jute, leather, cotton, paper, and acrylic industries. It is also extensively used as a topical fungicide and ectoparasiticide in aquaculture industries throughout the world. The findings reveal that this dye has now become one of the most controversial compounds used in aquaculture due to the risks it poses on the consumers, including its effects on the immune and reproductive systems as well as its genotoxic and carcinogenic potentials. Despite being banned in several countries, the dye is still being used in many parts of the world due to lack of a proper alternative. Thus, we must also focus our attention on ways for reducing malachite green from aquaculture and industrial wastewaters. Different methods are available for the remediation of dye wastewaters. These include physicochemical methods such as chemical oxidation, precipitation, coagulation, filtration, electrolysis, and photodegradation.