👋 tribe
We want to reassure you that assets remain safe and secure. As previously mentioned, we are performing an on-chain movement of tokens to streamline custody and improve efficiency.
This will have no negative impact on the restructuring, and we remain committed to a smooth transition.
Thank you for your continued support and patience as we move forward 🙏
We want to reassure you that assets remain safe and secure. As previously mentioned, we are performing an on-chain movement of tokens to streamline custody and improve efficiency.
This will have no negative impact on the restructuring, and we remain committed to a smooth transition.
Thank you for your continued support and patience as we move forward 🙏
Watch this video for a complete breakdown of the Rebalanced Net Liquid Platform Assets (NLPA) page 👉 https://youtu.be/wsx2W1pAzVs?si=ro0xFNpOwY8ogNsk
The Scheme of Arrangement offers the right path to recovery, ensuring fair treatment, faster access to rebalanced net liquid platform assets, and future recoveries.
Read more about its benefits and why voting YES matters 👉 https://wazirx.com/blog/how-is-the-scheme-of-arrangement-the-right-path-to-recovery-for-wazirx-users/
Read more about its benefits and why voting YES matters 👉 https://wazirx.com/blog/how-is-the-scheme-of-arrangement-the-right-path-to-recovery-for-wazirx-users/
The Scheme ensures faster access to tokens (Rebalanced NLPA), potential future recoveries, and a more structured path to recovery—unlike liquidation, which brings delays, uncertainty, and lower recoveries.
Read more about why the Scheme is the right choice 👉 https://wazirx.com/blog/why-is-the-scheme-of-arrangement-better-than-liquidation/
Read more about why the Scheme is the right choice 👉 https://wazirx.com/blog/why-is-the-scheme-of-arrangement-better-than-liquidation/
We believe voting YES for the Scheme can offer several benefits:
» Faster access to tokens (Rebalanced NLPA)
» Market exposure & potential upside
» Future recoveries: Illiquid Platform Assets
» Future recoveries: Profit Sharing
» Legally binding
We value your support and invite you to watch this video to discover how the Scheme can help our community progress together 👉 https://youtu.be/xqxC50yJ6I0?si=2nXamWRVrALNOI5T
» Faster access to tokens (Rebalanced NLPA)
» Market exposure & potential upside
» Future recoveries: Illiquid Platform Assets
» Future recoveries: Profit Sharing
» Legally binding
We value your support and invite you to watch this video to discover how the Scheme can help our community progress together 👉 https://youtu.be/xqxC50yJ6I0?si=2nXamWRVrALNOI5T
With the Scheme, our goal is to maximize recoveries for all Creditors through the issuance of Recovery Tokens.
Once the Scheme becomes effective, we aim to distribute the Rebalanced NLPA within 10 business days. Additionally, Recovery Tokens (RTs) will be issued for the remaining claims. These RTs will be repurchased over time using asset recoveries and profit-sharing, providing further opportunities for recovery.
We believe this approach can offer a fair and efficient solution for our community, and we are grateful for your patience and support as we move forward together.
Read more about Recovery Tokens and their role in the Scheme 👉 https://wazirx.com/blog/first-distribution-and-recovery-tokens-what-wazirx-users-need-to-know/
Once the Scheme becomes effective, we aim to distribute the Rebalanced NLPA within 10 business days. Additionally, Recovery Tokens (RTs) will be issued for the remaining claims. These RTs will be repurchased over time using asset recoveries and profit-sharing, providing further opportunities for recovery.
We believe this approach can offer a fair and efficient solution for our community, and we are grateful for your patience and support as we move forward together.
Read more about Recovery Tokens and their role in the Scheme 👉 https://wazirx.com/blog/first-distribution-and-recovery-tokens-what-wazirx-users-need-to-know/
📢 Recovery Tokens Are Now Visible on the Rebalanced NLPA Page!
We’re committed to maximizing your recoveries, and Recovery Tokens (RTs) are a key part of that journey. You can now view your allocated RTs in the WazirX app on the Rebalanced NLPA page.
» What Are Recovery Tokens?
RTs represent the portion of your claims over and above the Rebalanced NLPA Distribution. They are designed to provide additional recoveries over time through asset recoveries and profit-sharing.
» How Do They Work?
When the platform resumes operations and new business initiatives like the DEX are launched, the profits generated and recoveries from Illiquid Wallet Assets and Stolen Assets will be used to repurchase RTs, providing creditors with additional recoveries over time.
With RTs, you stay connected to long-term recovery efforts, ensuring that recoveries don’t stop at the Rebalanced NLPA Distribution.
Thank you for your continued patience and support as we move closer towards Restructuring 🙏
We’re committed to maximizing your recoveries, and Recovery Tokens (RTs) are a key part of that journey. You can now view your allocated RTs in the WazirX app on the Rebalanced NLPA page.
» What Are Recovery Tokens?
RTs represent the portion of your claims over and above the Rebalanced NLPA Distribution. They are designed to provide additional recoveries over time through asset recoveries and profit-sharing.
» How Do They Work?
When the platform resumes operations and new business initiatives like the DEX are launched, the profits generated and recoveries from Illiquid Wallet Assets and Stolen Assets will be used to repurchase RTs, providing creditors with additional recoveries over time.
With RTs, you stay connected to long-term recovery efforts, ensuring that recoveries don’t stop at the Rebalanced NLPA Distribution.
Thank you for your continued patience and support as we move closer towards Restructuring 🙏
📢 Online Webinar (Eighth Creditor Townhall) Announcement
Join us for the Second Online Webinar, during which we will explain the amendments to the Scheme and Explanatory Statement to help you make an informed decision before voting begins.
🗓 17th March 2025 at 5:30 PM IST / 8:00 PM SGT
🕠 Set a reminder 👉 https://www.youtube.com/live/lbq5FKWoeG0?si=t1KMZVFiB4RbZE95
We appreciate your continued patience and support during this process 🙏
Join us for the Second Online Webinar, during which we will explain the amendments to the Scheme and Explanatory Statement to help you make an informed decision before voting begins.
🗓 17th March 2025 at 5:30 PM IST / 8:00 PM SGT
🕠 Set a reminder 👉 https://www.youtube.com/live/lbq5FKWoeG0?si=t1KMZVFiB4RbZE95
We appreciate your continued patience and support during this process 🙏
WazirX 🤝 Zodia Custody
We have partnered with Zodia Custody, an institution-first digital asset platform whose shareholders include Standard Chartered, Northern Trust, SBI Holdings, NAB, and Emirates NBD. Zodia Custody upholds the highest regulatory standards, operates under multiple global financial authorities, and is trusted by leading institutions worldwide.
As we prepare to restart, this collaboration strengthens security, reinforces our compliance-first approach, and enhances asset protection.
Learn more about our partnership here 👉 https://wazirx.com/blog/wazirx-appoints-zodia-custody-as-custodian-ahead-of-operations-restart/
We have partnered with Zodia Custody, an institution-first digital asset platform whose shareholders include Standard Chartered, Northern Trust, SBI Holdings, NAB, and Emirates NBD. Zodia Custody upholds the highest regulatory standards, operates under multiple global financial authorities, and is trusted by leading institutions worldwide.
As we prepare to restart, this collaboration strengthens security, reinforces our compliance-first approach, and enhances asset protection.
Learn more about our partnership here 👉 https://wazirx.com/blog/wazirx-appoints-zodia-custody-as-custodian-ahead-of-operations-restart/
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Seven years of highs, lows, and one constant—your unwavering support. Through every challenge, your trust and resilience have pushed us forward.
We've faced setbacks before and come back stronger. Today, we stand at another turning point. We may be down, but we are NOT OUT.
As we move towards voting and a fresh start, your support remains as important as ever.
Your patience, trust, and support have brought us here—most importantly, it has been the driving force behind this journey 🙏
Together, we move forward. WAGMI! 💪
We've faced setbacks before and come back stronger. Today, we stand at another turning point. We may be down, but we are NOT OUT.
As we move towards voting and a fresh start, your support remains as important as ever.
Your patience, trust, and support have brought us here—most importantly, it has been the driving force behind this journey 🙏
Together, we move forward. WAGMI! 💪
📢 Independent Asset & Liability Verification Completed
As part of our commitment to transparency, an independent verification of platform assets and liabilities has been completed by the Independent Assessors (IA) Joshua Taylor and Henry Anthony Chambers.
The assessment, conducted by Independent Assessors, verified platform liabilities, assets, and token holdings across custodians and exchanges, ensuring a comprehensive review.
We appreciate your trust and patience as we continue working towards a secure and transparent path forward 🙏
Read the full report here 👉 https://wazirx.com/blog/zettai-confirms-independent-verification-of-platform-assets-and-platform-liabilities-ahead-of-vote-for-the-scheme/
As part of our commitment to transparency, an independent verification of platform assets and liabilities has been completed by the Independent Assessors (IA) Joshua Taylor and Henry Anthony Chambers.
The assessment, conducted by Independent Assessors, verified platform liabilities, assets, and token holdings across custodians and exchanges, ensuring a comprehensive review.
We appreciate your trust and patience as we continue working towards a secure and transparent path forward 🙏
Read the full report here 👉 https://wazirx.com/blog/zettai-confirms-independent-verification-of-platform-assets-and-platform-liabilities-ahead-of-vote-for-the-scheme/
WazirX 🤝 BitGo
We're excited to announce our partnership with BitGo, a leading digital asset financial services company, to enhance asset security and management. This collaboration marks a crucial step in strengthening user trust and demonstrates our unwavering commitment to safeguarding crypto assets.
BitGo brings over a decade of expertise in securing 1,100+ crypto tokens. Their advanced custody infrastructure features:
» Multi-signature wallets
» Industry-leading security controls
» Up to $250M in insurance coverage
This partnership will play a vital role in ensuring transparent fund distribution under the Restructuring Scheme while providing an additional layer of protection for crypto assets. We're committed to rebuilding trust and delivering a secure trading experience as we work towards resuming operations.
Thank you for your continued patience and support 🙏
Learn more about the partnership here 👉 https://wazirx.com/blog/zettai-selects-bitgo-to-enhance-fund-security-and-rebuild-user-trust/
We're excited to announce our partnership with BitGo, a leading digital asset financial services company, to enhance asset security and management. This collaboration marks a crucial step in strengthening user trust and demonstrates our unwavering commitment to safeguarding crypto assets.
BitGo brings over a decade of expertise in securing 1,100+ crypto tokens. Their advanced custody infrastructure features:
» Multi-signature wallets
» Industry-leading security controls
» Up to $250M in insurance coverage
This partnership will play a vital role in ensuring transparent fund distribution under the Restructuring Scheme while providing an additional layer of protection for crypto assets. We're committed to rebuilding trust and delivering a secure trading experience as we work towards resuming operations.
Thank you for your continued patience and support 🙏
Learn more about the partnership here 👉 https://wazirx.com/blog/zettai-selects-bitgo-to-enhance-fund-security-and-rebuild-user-trust/
🗳️ Reminder: All Scheme Creditors can cast their vote for the Scheme of Arrangement via the WazirX app or website before 6 PM IST on 28th March 2025.
Read here to know how to vote for the Scheme of Arrangement 👉 https://wazirx.com/blog/how-to-vote-for-the-scheme-of-arrangement/
Read here to know how to vote for the Scheme of Arrangement 👉 https://wazirx.com/blog/how-to-vote-for-the-scheme-of-arrangement/
📢 Voting for the Scheme of Arrangement has officially concluded.
A heartfelt thank you to everyone who took the time to cast their vote. Your participation and continued support mean a lot.
Next, all votes will be submitted to an Independent Assessor for verification, ensuring transparency and integrity in the process.
Stay tuned for further updates 🙏
A heartfelt thank you to everyone who took the time to cast their vote. Your participation and continued support mean a lot.
Next, all votes will be submitted to an Independent Assessor for verification, ensuring transparency and integrity in the process.
Stay tuned for further updates 🙏
With voting for the Scheme of Arrangement now complete, we sincerely thank everyone who participated and cast their vote.
Next up is verification by the Independent Assessor, followed by a hearing at the Singapore Court. These steps will determine the path forward for distributions, trading, and Recovery Tokens.
Read about the next steps in detail 👉 https://wazirx.com/blog/wazirx-scheme-voting-ends-whats-next/
Next up is verification by the Independent Assessor, followed by a hearing at the Singapore Court. These steps will determine the path forward for distributions, trading, and Recovery Tokens.
Read about the next steps in detail 👉 https://wazirx.com/blog/wazirx-scheme-voting-ends-whats-next/
📢 Update on Scheme of Arrangement Voting
93.1% of voting creditors, representing 94.6% in value, have voted YES to the Scheme of Arrangement. This strong support marks an important milestone in the recovery process and reflects a shared belief in the proposed restructuring plan.
To ensure full transparency, all votes have been independently verified by the appointed Independent Assessors. Zettai is shortly to file an application with the Singapore Court for the sanction of the Scheme - the next step towards making the Scheme legally effective.
Read the full update here 👉 https://wazirx.com/blog/update-on-scheme-of-arrangement-voting/
93.1% of voting creditors, representing 94.6% in value, have voted YES to the Scheme of Arrangement. This strong support marks an important milestone in the recovery process and reflects a shared belief in the proposed restructuring plan.
To ensure full transparency, all votes have been independently verified by the appointed Independent Assessors. Zettai is shortly to file an application with the Singapore Court for the sanction of the Scheme - the next step towards making the Scheme legally effective.
Read the full update here 👉 https://wazirx.com/blog/update-on-scheme-of-arrangement-voting/
📢 Update on Restructuring Process
The Sanction Application has been filed with the Singapore Court. Following the filing, the Court has scheduled the hearing for 13th May 2025.
This marks an important step forward in our restructuring journey while staying on track with the timelines shared earlier. The Scheme will become effective once sanctioned by the Court and filed with the authorities, paving the way for the First Distribution within 10 business days.
Thank you for your continued patience and support 🙏
The Sanction Application has been filed with the Singapore Court. Following the filing, the Court has scheduled the hearing for 13th May 2025.
This marks an important step forward in our restructuring journey while staying on track with the timelines shared earlier. The Scheme will become effective once sanctioned by the Court and filed with the authorities, paving the way for the First Distribution within 10 business days.
Thank you for your continued patience and support 🙏
FAQ: What’s the current update on the restart of WazirX operations?
A: We understand the eagerness around the platform restart and truly appreciate your continued patience. Since the beginning, we have communicated that the First Distribution and restart would occur within the April–May 2025 window.
Zettai has completed all prior required steps, and the next key step is the sanction hearing, which the Singapore High Court has scheduled for 13 May 2025. This hearing is essential for the Scheme to become legally effective.
While we’ve worked to stay aligned with the previously shared timelines, court proceedings operate independently, and we respect that process. After the Scheme is sanctioned, the First Distribution and restart will follow within 10 business days from the Effective Scheme Date, as outlined earlier.
A: We understand the eagerness around the platform restart and truly appreciate your continued patience. Since the beginning, we have communicated that the First Distribution and restart would occur within the April–May 2025 window.
Zettai has completed all prior required steps, and the next key step is the sanction hearing, which the Singapore High Court has scheduled for 13 May 2025. This hearing is essential for the Scheme to become legally effective.
While we’ve worked to stay aligned with the previously shared timelines, court proceedings operate independently, and we respect that process. After the Scheme is sanctioned, the First Distribution and restart will follow within 10 business days from the Effective Scheme Date, as outlined earlier.
FAQ: What is ''SUM 940'' and how does it impact the platform’s restart timeline?
A: ''SUM 940'' refers to the legal application Zettai filed in the Singapore High Court to seek formal approval (or sanction) for the Scheme of Arrangement after the voting concluded. It’s a standard and necessary step in the restructuring process.
This step isn’t causing any delay—it’s part of the planned timeline. As shared earlier, the Scheme needs to be legally sanctioned by the Court before distributions and platform restart can begin. The Court has scheduled the hearing for 13 May 2025, and we're moving forward in line with that timeline.
A: ''SUM 940'' refers to the legal application Zettai filed in the Singapore High Court to seek formal approval (or sanction) for the Scheme of Arrangement after the voting concluded. It’s a standard and necessary step in the restructuring process.
This step isn’t causing any delay—it’s part of the planned timeline. As shared earlier, the Scheme needs to be legally sanctioned by the Court before distributions and platform restart can begin. The Court has scheduled the hearing for 13 May 2025, and we're moving forward in line with that timeline.