At this stage it is unlikely that token recoveries will exceed 100%, however as distributions are expected to be in tokens under a restructuring, fiat recoveries on distributed tokens under a Scheme may exceed 100% if the crypto price of underlying token assets increases.
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?