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  2. FAQs on Moratorium & Restructuring

FAQs on Moratorium & Restructuring

  • How will Zettai ensure the buyback of Recovery Tokens and maximize creditor recoveries over the next three years?
  • What is WazirX’s plan for returning funds to users who deposited after the cyberattack?
  • What measures were taken to expedite rebalancing?
  • Why is WazirX planning new business initiatives alongside distributing funds to creditors?
  • How can creditors withdraw their funds under the Scheme?
  • 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?
  • Why are 33% of locked WRX tokens included in the calculation displayed in the Rebalancing Calculator?
  • Is the USD 30m Cost Reserves an expansion of the initial USD 12m fund?
  • Why is the USD30m Cost Reserves critical for recovery?
  • How are profits managed until the USD30m Cost Reserves are recovered?
  • What are Recovery Tokens (RTs), and how will they be used?
  • How do Creditors benefit from RTs?
  • Does the increase in Liquid Asset Value affect the commitment to recover stolen assets?
  • How does this demonstrate a commitment to adding value for creditors?
  • What is the purpose of the Rebalancing Calculator?
  • Will the market prices be updated regularly on the Rebalancing Calculator?
  • Will the Rebalancing Calculator guarantee specific recovery amounts?
  • Are there some assets that will not be included in the Rebalancing Calculator?
  • For actual rebalancing, which token prices will be taken into account?
  • Why is there a difference between the investment value and the rebalancing calculator value?
  • Why are tokens increasing and decreasing daily?
  • Will I get USDT or my token?
  • I should get approximately x/2 (52% of) tokens, but I am getting fewer tokens. Why is the number of tokens decreasing daily with increasing in market price?
  • Why does the quantity of Tokens go up and down, even when 52% of Tokens are allocated?
  • Why does rebalancing result in a different number of tokens for my 52% recovery share?
  • What factors could potentially delay the Scheme Timeline, and how is WazirX addressing them?
  • If the Scheme is approved, how soon can creditors expect the restructuring plan to be implemented?
  • How will creditors be updated on any changes to the anticipated timeline?
  • Now that the COC has been formed and running, what are the next steps for the COC?
  • How will the COC maintain communication with the Creditors, and how can the Creditors express their concerns and feedback?
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