Ah, Wazirx. A tale of digital fortunes, vanished funds, and now… the agonizing wait for a judge’s nod. One might almost feel a pang of sympathy, were it not for the inherent volatility – and, let us be honest, the occasional folly – of these modern financial contrivances.
The Long Road Back: Wazirx and the Curious Case of Creditor Approval
95.7% of voting Scheme Creditors supported the Amended Scheme of Arrangement … This outcome reaffirms the strong support shown in the first round of voting and reflects our community’s continued confidence in the restructuring plan.
Independent assessors – Messrs. Taylor and Chambers of Alvarez & Marsal, names which surely inspire confidence – verified the results, and the creditors were duly informed by email. Zettai, ever diligent, has filed an amended summons (HC/SUM 940/2025) with the Singapore Court, humbly requesting sanction for this elaborate plan.
The founder, Mr. Nischal Shetty, has been understandably vocal, both in official statements and on the aforementioned platform X, affirming the progress. “95.7% of voting scheme creditors voted in favour of the amended scheme,” he declared, adding, with a perhaps slightly unnecessary level of anticipation:
Next step is to wait for the court hearing. If the scheme is approved by the court then we can restart the platform.
And so, we arrive at the crux of the matter. Should the Singapore Court, in its infinite wisdom, deem the plan acceptable, Wazirx anticipates a resumption of operations and the beginning of distributions within a mere ten business days. A swift comeback, indeed, after months of uncertainty. One can only hope that users receive what is rightfully theirs, and that this serves as a lesson – though, alas, such lessons are rarely heeded in the pursuit of speculative gains. 🤔
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2025-08-19 04:58