FAQs on Moratorium & Restructuring – WazirX

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?
Why is the case being handled in Singapore, not India?
When can we expect trading in cryptos to resume?
What is the plan for compensating users who lost funds due to the attack?
What is the expected timeline for the restructuring process and the resolution of the moratorium application? Why is a 6-month duration necessary, and can it be shortened to 1 or 3 months?
Will an increase in crypto asset values or prices help WazirX’s financial position?
Is it possible to recover more than 100% ?
How will liabilities be treated in the restructuring, and will creditors be able to share in the upside from increases in token price?
Why are only cryptocurrency balances being restructured? Why are INR balances not also being restructured?
Since the user did not sign any TnCs with Zettai, why are we conducting the procedure in Singapore and not in India? Is the NCLT and NCDRC in India not equipped to handle this matter?
Why is the management of Zettai able to make decisions around the restructuring when the ownership of the Platform is under dispute and unclear?
You have maintained that crypto assets were affected by the cyberattack and INR was not affected. You have further confirmed that Zanmai is managing INR operations and Zettai is handling crypto deposits. In this situation, why did you file an FIR in India
Does WazirX and current management have the legal authority to enter into and close deals with potential white knights who had expressed a concern about staying out due to an ongoing dispute between WazirX and Binance?
Can you provide a detailed explanation of how the security breach occurred and what specific vulnerabilities were exploited?
What is the current status of the investigation into the cyberattack, and how does WazirX plan to recover the stolen crypto? Who are the past and expected investigation agencies? Are any government departments, local or foreign, involved?
What is a Singapore Scheme of Arrangement?
How does the Moratorium process work?
What is a moratorium? Why is Zettai applying for a moratorium?
When am I going to be able to withdraw cryptocurrency?
What is an unsecured creditor, and why are users unsecured creditors?
Why can’t Zettai just re-open cryptocurrency withdrawals now?