Users will have to wait for the dispute with Binance to be resolved. Only after this dispute is resolved can there be clarity over the ownership of the Platform and its cryptocurrency tokens (which Zettai now holds albeit under protest after Binance relinquished control of these tokens). We are not able to disclose how long this confidential process will take.
Depending on the outcome of the dispute, as well as other factors including the financial position of Zettai, one possible outcome if there is no viable restructuring plan approved by the creditors and the Court is that Zettai may be placed in liquidation.
Important point:
Whether through restructuring or liquidation, users are unsecured creditors who are treated equally. No unsecured creditor is given preferential treatment, and all distributions are made based on the same proportional recovery.
We do encourage you to read the affidavits filed in the moratorium proceedings before the Singapore Court, which we have shared with you via email on September 10th 2024.
Rest assured, the restructuring plan is designed to maximize recovery quickly in a fair, transparent, and equal manner to all users.