In a trust arrangement, trust assets are held separately from other non-trust assets. Trust assets can be identified as belonging to a specific holder. Unlike in a trust, general users of the platform do not hold any specific token assets. Aside from a number of cryptocurrency token deposits held on trust for various law enforcement agencies, the liabilities owed to the users are unsecured liabilities, which broadly reflect the users’ account balances on the platform.
Articles in this section
- What is a Trust Arrangement?
- What is an Unsecured Claim?
- How the Restructuring works?
- What if a Restructuring Fails?
- What happens if the moratorium is not granted?
- Do all 4.28M of the unsecured contingent creditors need to vote in the scheme voting process?
- Why is there a discrepancy between the BTC holdings stated in the affidavit and those held in the wallets?
- What is the rationale behind the moratorium application to the High Court of Singapore, and what specific relief is being sought?
- Will Zettai prioritize a few creditors over the others?
- Why should users bear the legal costs associated with the cyberattack and restructuring process?