📢 Rebalancing Complete!
The rebalancing of platform assets is now done!
✅ Initial Fund distribution will return ~85.25% of USD value to creditors, based on rebalancing prices.
✅ Creditors can check their allocated share on the WazirX app & website.
Zettai remains committed to maximizing recoveries through:
» Platform reactivation
» Recovery Tokens
» Asset recovery (including stolen funds)
» New business initiatives (DEX)
All this depends on the Scheme’s approval if a majority votes Yes!
Read more 👉 https://wazirx.com/blog/asset-rebalancing-is-now-completed-check-your-first-distribution-estimates/
The rebalancing of platform assets is now done!
✅ Initial Fund distribution will return ~85.25% of USD value to creditors, based on rebalancing prices.
✅ Creditors can check their allocated share on the WazirX app & website.
Zettai remains committed to maximizing recoveries through:
» Platform reactivation
» Recovery Tokens
» Asset recovery (including stolen funds)
» New business initiatives (DEX)
All this depends on the Scheme’s approval if a majority votes Yes!
Read more 👉 https://wazirx.com/blog/asset-rebalancing-is-now-completed-check-your-first-distribution-estimates/
📢 Sixth Townhall Announcement
In this Townhall, we will provide a detailed walkthrough of the Scheme Process, covering everything creditors need to know—from reviewing claims and raising disputes to inspecting records and voting. This session will ensure that all creditors clearly understand the next steps in the restructuring.
🗓️: 12th February 2025 at 5:30 PM IST
🕕: Set a reminder 👉 https://youtube.com/live/ydEWGdlRD4g?si=WorhmaiFUzew-9vh
In this Townhall, we will provide a detailed walkthrough of the Scheme Process, covering everything creditors need to know—from reviewing claims and raising disputes to inspecting records and voting. This session will ensure that all creditors clearly understand the next steps in the restructuring.
🗓️: 12th February 2025 at 5:30 PM IST
🕕: Set a reminder 👉 https://youtube.com/live/ydEWGdlRD4g?si=WorhmaiFUzew-9vh
📢 Voting Timelines
The next key step is here – Voting on the Proposed Restructuring Scheme
» Voting Period: Planned from March 19 to March 28, 2025
» Distribution of Rebalanced Assets: With rebalancing completed, approximately 85% of Scheme Creditors' balances (valued as of July 18, 2024, 1 PM IST) will be distributed within 10 business days after the Scheme becomes effective, if the majority votes YES!
Make your vote count once the voting begins 🙏
Read more 👉 https://wazirx.com/blog/voting-on-wazirxs-recovery-scheme-planned-for-march-19-28-rebalanced-token-distribution-to-follow/
The next key step is here – Voting on the Proposed Restructuring Scheme
» Voting Period: Planned from March 19 to March 28, 2025
» Distribution of Rebalanced Assets: With rebalancing completed, approximately 85% of Scheme Creditors' balances (valued as of July 18, 2024, 1 PM IST) will be distributed within 10 business days after the Scheme becomes effective, if the majority votes YES!
Make your vote count once the voting begins 🙏
Read more 👉 https://wazirx.com/blog/voting-on-wazirxs-recovery-scheme-planned-for-march-19-28-rebalanced-token-distribution-to-follow/
📢 Online Webinar (Seventh Creditor Townhall) Announcement
In this Online Webinar, we will provide a detailed explanation of the proposed Scheme’s terms, what it offers to each Scheme Creditor, and its overall impact, especially with regard to Scheme Creditors. This session will ensure you have all the necessary information to understand the effect of the Scheme and make an informed decision when voting, which is expected to take place between 19 March and 28 March 2025.
🗓️: 19th February 2025 at 5:30 PM IST / 8:00 PM SGT
🕠: Set a reminder 👉 https://www.youtube.com/live/H1gLwpcFrHI?si=BDsmn0Dj1CZFAy8A
In this Online Webinar, we will provide a detailed explanation of the proposed Scheme’s terms, what it offers to each Scheme Creditor, and its overall impact, especially with regard to Scheme Creditors. This session will ensure you have all the necessary information to understand the effect of the Scheme and make an informed decision when voting, which is expected to take place between 19 March and 28 March 2025.
🗓️: 19th February 2025 at 5:30 PM IST / 8:00 PM SGT
🕠: Set a reminder 👉 https://www.youtube.com/live/H1gLwpcFrHI?si=BDsmn0Dj1CZFAy8A
👋 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/