- Wazirx who voted for the restructuring system began on March 19 and will continue until March 28 for its 4.4 million users.
- Wazirx recently collaborated with Zodia custody as part of its related plans.
It has been several months since the Wazirx chop occurred in July 2024. The exchange has made several announcements to pay back to their creditors. According to its previous intimation, the voting process finally began on the proposed restructuring system. It will dictate the action of Wazirx and its creditors.
Wazirx voting process on restructuring system Started on March 19 and will continue until March 28. After the vote process, Zettai will send it to a third party for the verification process. When this independent assessor (IA) complete the verification, it will report back to Scheme Manager.
What is next for Wazirx Citizens?
According to the latest announcement from Wazirx, Independent asset and liability verification completed by independent assessors (IA). The verification included debts, assets and token holdings on the platform.
When this process gets a majority of votes in favor, creditors will receive their repayment based on the restructuring system. If the result turns out on the contrary, creditors may have to wait a few more months or maybe years to get their refund.
The latest Wazirx City Hall meeting On March 17, a little mentioned no details about the voting process. This left creditors disappointed before the voting process. They have been waiting patiently in recent months. And it will take a few weeks to know if they will receive their refund.
At the same time, Wazirx is preparing for his relane. It recently announced a partnership with Custody sign supported by senior officials from the Indian banking sector. The exchange is preparing to strengthen its security and promote its compliance to ensure that access protection is moving forward.
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