WazirX is actively pursuing a solution to return token assets to crypto users (which will allow improvements to recoveries from any increase in market prices) and to improve user recoveries via tracing and recovery of stolen tokens, implementation of revenue-generating products (and sharing of profits), and rescue financing from and / or collaborations with potential white knights.
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?