WazirX Announcements

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

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/

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/

Watch this video for a complete breakdown of the Rebalanced Net Liquid Platform Assets (NLPA) page 👉 https://youtu.be/wsx2W1pAzVs?si=ro0xFNpOwY8ogNsk

👋 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 🙏

📢 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

📢 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/

📢 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

📢 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/

We have published the Preliminary Creditor List and the 18th July  Page inside the WazirX app to provide complete transparency in the restructuring process. » Preliminary Creditor List – Creditors can now check their claim amount in USD using a unique UUID. The list is ordered by descending value of claims and can be searched using the UUID. A ‘Find My Balance’ option is also available for easy access. Additionally, creditors can inspect another creditor’s claim by submitting an inspection request during the Inspection process - please refer to the Preliminary Creditors List which sets out the UUID of all creditors in lieu of personally identifying information. » 18th July Page – Creditors can now view a snapshot of their Balances as of 18th July 2024 1PM IST, including token balances and deposits made after this date. A link to this page has been added to the funds section and the app home page. These updates ensure all creditors have visibility into their claims and are in line with the Scheme Process.

📢 Wallet Migration in Progress We're moving funds from our existing cold wallets to new ones for better fund management, improved accessibility, and enhanced operational efficiency. We are fully committed to remaining transparent, keeping our tribe at the heart of everything we do. Thank you for your continued patience and support 🙏🏻

Two paths, two very different outcomes. Here's a breakdown of what happens if the Scheme is approved versus if it isn't. Understand what to expect in both scenarios as we approach the voting process.

📢 Court Approval for Scheme Meeting Granted We're pleased to announce that the Singapore High Court has granted us leave to convene a Scheme Meeting. This marks another significant milestone in the restructuring process as we move closer to the distribution of Net Liquid Platform Assets and restarting the WazirX platform. The next step? Prepare for the Voting Process. Scheme Creditors will have the opportunity to vote on the Restructuring Scheme, paving the way for faster and fairer recoveries. We'll share details of the voting process and dates soon. Thank you for your continued patience and support as we take another step forward together. Read more 👉 https://wazirx.com/blog/singapore-high-court-grants-leave-for-zettai-to-propose-its-scheme-of-arrangement-to-creditors/

The Scheme of Arrangement has advantages over Liquidation for Scheme Creditors as it offers: ✅ Potentially higher recoveries when compared to a possible Liquidation ✅ Significantly faster access to distributions than under a possible Liquidation ✅ More ability for Scheme Creditors to have a say in the overall process than in Liquidation ✅ Higher potential for any market-driven upside via token distributions than in Liquidation, where distributions will likely be made in fiat

📢 Recovery Update: ~$3M USDT Frozen As part of the ongoing recovery efforts following the cyberattack, ~$3M USDT has been successfully frozen. This marks an important milestone in safeguarding user interests and recovering stolen assets. 🔍 Why This Matters: » Rapid Action: Freezing the funds stops them from being moved and helps with the recovery process. » Focus on Recovery: Every measure is being taken to address the cyberattack's impact and recover additional funds. » Commitment to Users: Every amount frozen & recovered strengthens our mission to safeguard the assets and rebuild trust. Rest assured, we are working hand in hand with forensic experts and authorities to make meaningful progress and ensure justice prevails 🙏

The US, Japan, and South Korea have issued a joint statement on DPRK cyber threats, linking North Korea to $659M in crypto thefts, including $235M tied to WazirX. Collaborative efforts are underway to recover stolen funds and strengthen global financial security. Read more 👉 https://www.koreatimes.co.kr/www/nation/2025/01/602_390391.html

FAQ: How will Zettai ensure the buyback of Recovery Tokens and maximize creditor recoveries over the next three years? A: The sharing of any future net profits will be governed by the Scheme, which, once approved by Scheme Creditors and sanctioned by the Court, will be legally binding. Purchases of Recovery Tokens will be driven by a number of factors, including amounts to be determined from net shared profits and recoveries from Illiquid Wallet Assets and Stolen Assets. While these depend on market conditions and recovery efforts, Zettai is fully committed to maximizing recoveries for creditors within the proposed timeline. For more detailed answers to additional FAQs, please read our updated blog here 👉 https://wrx.gg/faqsrs

📢 FAQs around Restructuring Scheme Q1: Why is WazirX planning new business initiatives alongside distributing funds to Creditors? A: Zettai is committed to maximizing recoveries for Scheme Creditors. In addition to the First Distribution of rebalanced Net Liquid Platform Assets within 10 Business Days after the Scheme is effective, Zettai is focused on reactivating the Platform, recovering Illiquid Wallet Assets and Stolen Assets, and pursuing potential new business initiatives to enhance creditor recoveries further Q2: What measures were taken to expedite rebalancing? A: With over 4.4 million creditors, seeking individual approvals would have been a highly complex process, causing significant delays in distributions. To expedite recoveries, the Company has worked closely with the Committee of Creditors (CoC), which strongly supported the rebalancing plan as part of a viable Scheme proposal to allow distributions as soon as possible For answers to more FAQs, click here 👉 https://wrx.gg/faqsrs

FAQ: What is the expected timeline for the creditors and the Court's approval of the restructuring scheme? When can creditors expect to receive their funds? A: The Effective Scheme Date is subject to Court timelines and the Scheme process. First, the Court will need to hear Zettai's application for leave to convene a meeting of its creditors, and this hearing is fixed for 22 January 2025. Only if the Court grants this application can Zettai proceed with the rest of the Scheme process, including holding a meeting of creditors to propose the Scheme and let creditors vote on the Scheme. While the exact timing depends on these factors, we are actively working to expedite the process and achieve the earliest possible resolution. Following the Effective Scheme Date, the First Distribution of Net Liquid Platform Assets will be made within 10 Business Days. For more detailed answers to additional FAQs, please read our updated blog here 👉 https://wrx.gg/faqsrs

📢 Fifth Townhall Announcement In this Townhall, we will explain the proposed Scheme Terms, outline the Scheme Process, and share the key timelines as part of the restructuring of Zettai Pte Ltd. This session is designed to ensure that all creditors have full visibility into the restructuring process and a clear understanding of the proposed Scheme. 🗓️: 19th December 2024 at 6 PM IST 🕕: Set a reminder 👉 https://www.youtube.com/live/njoGt0Qu058?si=IBhSrhzeDcELtiI6