Creditors of the troubled crypto exchange WazirX have completed the voting process on a revised plan aimed at resolving pending claims.
Overview of the Revised Plan
The revised plan was put forward after key legal and structural changes were made to the original proposal. It aims to streamline the asset recovery for users and safeguard their future recovery rights.
Voting Process
Voting was conducted through the Kroll Issuer Services platform, which ensures security and independent monitoring. Each vote was authenticated and timestamped in a tamper-proof system.
Next Steps After Voting
Once the voting window closes, the results will be submitted to two independent assessors for verification. If a sufficient number of creditors vote in favor, Zettai will apply to the Singapore court for approval of the plan.
The outcome of the voting will significantly influence the next stage of the resolution process and may lead to a final decision regarding asset recovery for creditors.
