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?