📢 First Townhall Announcement
Join us at the Townhall to discuss the proposed restructuring and Moratorium Application.
🗓️ 2nd September 2024 at 1.30 PM IST
🕜 Set a reminder 👉 https://www.youtube.com/live/DPT9VZ9yhE4?si=MK6nPpZNnSVYOjEa
Join us at the Townhall to discuss the proposed restructuring and Moratorium Application.
🗓️ 2nd September 2024 at 1.30 PM IST
🕜 Set a reminder 👉 https://www.youtube.com/live/DPT9VZ9yhE4?si=MK6nPpZNnSVYOjEa
We've received many questions around the Moratorium Application. In this blog, we have updated the FAQs section with relevant answers. We'll continue to update this blog with answers as we receive more questions.
Read here 👉 https://wazirx.com/blog/wazirx-moratorium-application-filed/
Read here 👉 https://wazirx.com/blog/wazirx-moratorium-application-filed/
📢 Second Townhall Announcement
Join us at the Townhall to discuss the draft restructuring proposal and for a walk through and explanation of the worked examples.
🗓️ 16th September 2024 at 3:30 PM IST
🕞 Set a reminder 👉 https://www.youtube.com/live/GRllabwqit0?si=KVlVwF-3psqm44H2
Join us at the Townhall to discuss the draft restructuring proposal and for a walk through and explanation of the worked examples.
🗓️ 16th September 2024 at 3:30 PM IST
🕞 Set a reminder 👉 https://www.youtube.com/live/GRllabwqit0?si=KVlVwF-3psqm44H2
In an effort to simplify things, we've addressed one of the most frequently asked questions in this video: How does the Moratorium Process work?
Watch this 👉 https://youtu.be/HD6RygEDQDs?si=Tqo4xqjRXg3jvJq3
Watch this 👉 https://youtu.be/HD6RygEDQDs?si=Tqo4xqjRXg3jvJq3
📢 WazirX Granted Four-Month Moratorium by Singapore Courts
In a crucial decision, the Singapore courts have granted WazirX a four-month moratorium, affirming the company's compliance with the legal and procedural requirements under Section 64 of the IRDA. This decisive court ruling highlights WazirX's commitment to act swiftly and responsibly in the interests of all stakeholders.
The court noted that from the onset of the proceedings, WazirX has actively engaged with creditors. The court acknowledged WazirX’s prompt response in filing for the moratorium. This action paves the way for the fastest, creditor-approved, and legally binding resolution to restore crypto balances, ensuring a fair and timely outcome for all stakeholders.
As part of the court's conditions, WazirX will make wallet addresses public via a court affidavit, respond to user queries raised in the courtroom, release financial information, and ensure future voting for court applications is scrutinized by independent parties.
The court has recognized WazirX’s proactive steps and our dedication to formulating a quick and effective scheme of arrangement. We are working diligently with our advisors and stakeholders to develop a comprehensive plan that addresses the needs of parties involved. WazirX appreciates the court's trust and confidence in our actions.
WazirX will continue to provide updates on our progress and further developments. We are steadfast in our commitment to resolve this matter efficiently and equitably 🙏
In a crucial decision, the Singapore courts have granted WazirX a four-month moratorium, affirming the company's compliance with the legal and procedural requirements under Section 64 of the IRDA. This decisive court ruling highlights WazirX's commitment to act swiftly and responsibly in the interests of all stakeholders.
The court noted that from the onset of the proceedings, WazirX has actively engaged with creditors. The court acknowledged WazirX’s prompt response in filing for the moratorium. This action paves the way for the fastest, creditor-approved, and legally binding resolution to restore crypto balances, ensuring a fair and timely outcome for all stakeholders.
As part of the court's conditions, WazirX will make wallet addresses public via a court affidavit, respond to user queries raised in the courtroom, release financial information, and ensure future voting for court applications is scrutinized by independent parties.
The court has recognized WazirX’s proactive steps and our dedication to formulating a quick and effective scheme of arrangement. We are working diligently with our advisors and stakeholders to develop a comprehensive plan that addresses the needs of parties involved. WazirX appreciates the court's trust and confidence in our actions.
WazirX will continue to provide updates on our progress and further developments. We are steadfast in our commitment to resolve this matter efficiently and equitably 🙏
📢 Formation of Committee of Creditors (COC)
We're in the process of forming a Committee of Creditors (COC) to represent creditors' interests in the proposed restructuring of Zettai Pte Ltd. The COC will play a critical role in providing feedback, monitoring progress, and facilitating communication between creditors and the company.
Here are answers to a few key questions:
1. What is the COC's purpose?
The COC will represent creditors and act as a consultative body to provide feedback on the restructuring process.
2. How will COC members be selected?
COC members will be chosen based on a transparent selection process, ensuring fair representation across creditor pools.
3. What are the roles and responsibilities of COC members?
COC members will represent all creditors, attend meetings, and provide input on creditor preferences, progress, and restructuring.
For full details on the COC formation process, please read the blog 👉 https://wazirx.com/blog/announcement-formation-of-a-committee-of-creditors/
We're in the process of forming a Committee of Creditors (COC) to represent creditors' interests in the proposed restructuring of Zettai Pte Ltd. The COC will play a critical role in providing feedback, monitoring progress, and facilitating communication between creditors and the company.
Here are answers to a few key questions:
1. What is the COC's purpose?
The COC will represent creditors and act as a consultative body to provide feedback on the restructuring process.
2. How will COC members be selected?
COC members will be chosen based on a transparent selection process, ensuring fair representation across creditor pools.
3. What are the roles and responsibilities of COC members?
COC members will represent all creditors, attend meetings, and provide input on creditor preferences, progress, and restructuring.
For full details on the COC formation process, please read the blog 👉 https://wazirx.com/blog/announcement-formation-of-a-committee-of-creditors/
📢 Third Townhall Announcement
Join us to learn about the formation of the Committee of Creditors (COC) and its roles and responsibilities in the restructuring process.
🗓️ 4th October 2024 at 1:30 PM IST
🕜 Set a reminder 👉 https://www.youtube.com/live/CzOm_nM3UeY?si=svI5aOipCvggBl9k
Join us to learn about the formation of the Committee of Creditors (COC) and its roles and responsibilities in the restructuring process.
🗓️ 4th October 2024 at 1:30 PM IST
🕜 Set a reminder 👉 https://www.youtube.com/live/CzOm_nM3UeY?si=svI5aOipCvggBl9k
📢 Disclosure of 240,000+ wallet addresses pursuant to debt restructuring process
At WazirX, we’ve always believed that transparency is key to building and maintaining trust with our users. Today, we’re taking another step forward in that journey by sharing something important, an affidavit that includes the details of approximately 240,000 wallets with balances. This affidavit will be filed with the High Court of Singapore today as directed and will also be provided to creditors in the ongoing restructuring of Zettai Pte Ltd.
For more details, please read the blog 👉 https://wazirx.com/blog/disclosure-of-240000-wallet-addresses-pursuant-to-debt-restructuring-process/
At WazirX, we’ve always believed that transparency is key to building and maintaining trust with our users. Today, we’re taking another step forward in that journey by sharing something important, an affidavit that includes the details of approximately 240,000 wallets with balances. This affidavit will be filed with the High Court of Singapore today as directed and will also be provided to creditors in the ongoing restructuring of Zettai Pte Ltd.
For more details, please read the blog 👉 https://wazirx.com/blog/disclosure-of-240000-wallet-addresses-pursuant-to-debt-restructuring-process/
📢 Proof of Reserves is now live
In line with our commitment to transparency, you can now verify wallet addresses and review asset balances through our Proof of Reserves.
Click here 👉 https://wazirx.com/proof-of-reserves
Note: A Proof of Reserves dashboard with dynamically updated data by CoinGabbar (a renowned platform for tracking crypto assets) will be available soon.
For more details, please read the blog 👉 https://wazirx.com/blog/wazirx-publishes-proof-of-reserves-for-october-2024/
In line with our commitment to transparency, you can now verify wallet addresses and review asset balances through our Proof of Reserves.
Click here 👉 https://wazirx.com/proof-of-reserves
Note: A Proof of Reserves dashboard with dynamically updated data by CoinGabbar (a renowned platform for tracking crypto assets) will be available soon.
For more details, please read the blog 👉 https://wazirx.com/blog/wazirx-publishes-proof-of-reserves-for-october-2024/
📢 Scheduled maintenance is now completed.
Thanks for your patience 🙏
Thanks for your patience 🙏
📢 Introducing the Scheme Timeline Calculator
The Scheme Timeline Calculator is an interactive tool designed to guide you through each step of the restructuring process. It enables users to explore scenario-based timelines and keep track of essential dates. While WazirX is dedicated to progressing as quickly as possible, certain phases depend on Singapore court schedules, particularly during the holiday season. This tool enhances transparency, keeping you well-informed throughout the journey.
Access the Calculator here 👉 https://wazirx.com/scheme-timelines
The Scheme Timeline Calculator is an interactive tool designed to guide you through each step of the restructuring process. It enables users to explore scenario-based timelines and keep track of essential dates. While WazirX is dedicated to progressing as quickly as possible, certain phases depend on Singapore court schedules, particularly during the holiday season. This tool enhances transparency, keeping you well-informed throughout the journey.
Access the Calculator here 👉 https://wazirx.com/scheme-timelines
📢 Fourth Townhall Announcement
In this Townhall, we will introduce the new Rebalancing Calculator and discuss other value drivers that are being explored as part of the restructuring efforts.
🗓️: 6th November 2024 at 5:30 PM IST
🕠: Set a reminder 👉 https://www.youtube.com/live/NfU7Yruatdo?si=0IXWZ_cGfyj3Pj5C
In this Townhall, we will introduce the new Rebalancing Calculator and discuss other value drivers that are being explored as part of the restructuring efforts.
🗓️: 6th November 2024 at 5:30 PM IST
🕠: Set a reminder 👉 https://www.youtube.com/live/NfU7Yruatdo?si=0IXWZ_cGfyj3Pj5C
📢 Introducing the Rebalancing Calculator!
With the Rebalancing Calculator, you will be able to see how Liquid Assets will be rebalanced to reflect the token denominations in each Creditor’s platform balance. Future updates will demonstrate how Creditors can benefit from potential market price gains on their rebalanced tokens.
Access the Rebalancing Calculator here 👉 https://wazirx.com/rebalancing-calculator
With the Rebalancing Calculator, you will be able to see how Liquid Assets will be rebalanced to reflect the token denominations in each Creditor’s platform balance. Future updates will demonstrate how Creditors can benefit from potential market price gains on their rebalanced tokens.
Access the Rebalancing Calculator here 👉 https://wazirx.com/rebalancing-calculator