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πŸ“’ Everything You Need to Know About the Revote

To help you make an informed decision, we have put together a detailed blog that covers the following:

Β» Why is the revote happening
Β» What’s changed in the Amended Scheme
Β» When will you get access to tokens
Β» Why you should vote YES
Β» Important documents to read before you vote

Read the full blog here πŸ‘‰ https://wazirx.com/blog/revote-on-wazirx-amended-scheme-of-arrangement-begins-july-30-2025-more-details-here/

Let’s move forward together πŸ™
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πŸ“’ Third Online Webinar (Ninth Creditor Townhall) Announcement

Join us for the Third Online Webinar, during which we will explain to you what the Amended Scheme contemplates, with a focus on the differences between the Amended Scheme and the Scheme dated 12 March 2025. This session seeks to help you to better understand the Amended Scheme and make an informed decision when revoting. The revote will take place between 30 July 2025, 7:30 PM IST, and 6 August 2025, 7:30 PM IST.

πŸ—“ 30th July 2025 at 5:30 PM IST / 8:00 PM SGT
πŸ•  Set a reminder πŸ‘‰ https://www.youtube.com/@WazirX/streams

We appreciate your continued patience and support during this process πŸ™
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With revoting for the Amended Scheme of Arrangement now complete, we thank everyone who participated and cast their vote.

The next step is independent verification of all submitted votes by Joshua Taylor and Henry Anthony Chambers of Alvarez & Marsal Pte Ltd. As Independent Assessors, they will review and verify each vote to ensure every vote is counted as submitted, in line with the commitment to transparency and fairness.

Once their assessment is complete, an official verification report will be submitted to Zettai Pte Ltd and the Scheme Manager. Zettai will then issue a notice to all Scheme Creditors with the final verified voting results.

We remain committed to guiding you through each stage. Your continued patience and support mean everything as we move forward together πŸ™
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πŸ“’ Update on Amended Scheme of Arrangement Revote

95.7% of voting Scheme Creditors supported the Amended Scheme of Arrangement. The Amended Scheme was also supported by 94.6% of associated Approved Claims. This outcome reaffirms the strong support shown in the first round of voting and reflects our community's continued confidence in the restructuring plan.

We are deeply grateful to all Scheme Creditors for showing strong majority support in both rounds of voting.

All votes have been independently verified by Joshua Taylor and Henry Anthony Chambers of Alvarez & Marsal (SE Asia) Pte Ltd. A formal notice to all Scheme Creditors with the verified results has been sent via email. Zettai has proceeded to file, among other things, an amended summons in HC/SUM 940/2025 ("SUM 940") in the Singapore Court to obtain the Court's sanction of the Amended Scheme πŸ™

Read the full update here πŸ‘‰ https://wazirx.com/blog/95-percent-wazirx-users-approve-amended-scheme-in-revote/
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πŸ“’ Update from Court Hearing

The hearing for SUM 940 took place today, 3 September 2025, before the Singapore Court. No decision was made at this stage, and the Court will fix another hearing to hear additional arguments.

We understand the community’s eagerness for the platform restart. Please be assured that we are doing everything possible to achieve this under an effective Scheme, and we will continue to provide timely updates.

Thank you for your continued support and patience πŸ™
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πŸ“’ Update on Court-Directed Next Steps

At the hearing of HC/SUM 940/2025 on 3 Sept 2025, the Singapore High Court issued directions on the filing of an Indian law expert affidavit by certain opposing creditors (the β€œRelevant Non-Parties”). As the expert affidavit filed by the Relevant Non-Parties was not compliant with the Court’s directions, the Court has issued further directions for the Relevant Non-Parties to file a replacement affidavit.

The current timelines in connection with the above are as follows:

1) The Relevant Non-Parties are to file replacement expert affidavit by 19 Sept 2025, 12 PM SGT / 9.30 AM IST

2) If the Relevant Non-Parties file the replacement expert affidavit by the timeline above, Zettai Pte Ltd (β€œZettai”) is to file their Indian law expert reply affidavit by 22 Sept 2025, 2 PM SGT / 11.30 AM IST

3) The Relevant Non-Parties and Zettai are to file their written submissions by 26 Sept 2025, 2 PM SGT / 11.30 AM IST

Read more πŸ‘‰ https://x.com/WazirXIndia/status/1968989470193005055
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πŸ“’ Update on Singapore proceedings

As directed by the Court, we have filed our legal submissions on Friday (26 Sept 2025). We now await the Court’s directions on the next steps.

We will share the next update as soon as the Court provides further directions.

We truly value your patience and support as we work through this process. Thank you for standing by us πŸ™
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πŸ“’ Update on Singapore Proceedings

Further to our filing of legal submissions on 26 September 2025, the Singapore High Court has issued further directions in relation to SUM 940.

The Court has directed Zettai Pte Ltd to file submissions by 3 October 2025, 2 PM SGT / 11.30 AM IST, addressing certain paragraphs from the written submissions filed by the Relevant Non-Parties.

We will continue to keep the community informed as soon as the Court provides further directions. Your continued patience and support mean everything πŸ™
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πŸ“’ Update on Proposed Scheme of Arrangement

Following the filing of written submissions in HC/SUM 940/2025 as directed by the Singapore High Court, the Court has scheduled the hearing for 13 October 2025, at 7:30 AM IST / 10:00 AM SGT.

The virtual hearing details for the hearing will be provided separately closer to the hearing date.

Thank you for your continued support and patience πŸ™
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πŸ“’ Scheme of Arrangement Sanctioned by the Singapore High Court

We are pleased to share that the Singapore Court has sanctioned the Scheme proposed by Zettai in HC/SUM 940/2025 (β€œSUM 940”) with modification, marking a decisive step forward in the recovery journey.

What Happens Next:

Β» Now that the Scheme is sanctioned, Zettai Pte Ltd will file the order with the Accounting and Corporate Regulatory Authority (ACRA)

Β» Post-filing the order, the WazirX platform will restart within 10 business days, as originally envisioned

This milestone brings us to the final stage of restructuring, ensuring that all promised benefits under the Scheme are preserved and paving the way for distributions, trading, and the issuance of Recovery Tokens to begin.

Your continued patience and support have made this progress possible. We remain committed to guiding you through every step until a full restart.

Let’s move forward, together πŸ™
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πŸ‘‹ tribe!

We are pleased to share that the sanctioned Scheme of Arrangement has been duly filed with the Accounting and Corporate Regulatory Authority (ACRA) on 15 October 2025.

The conclusion of the court proceedings and the filing of the order with ACRA paves the way for the implementation phase - where users will receive distributions and Recovery Token under the Scheme.

The WazirX platform will restart within 10 business days from the Scheme’s effective date of 15 October 2025.

Your patience and trust through this journey have been invaluable.

The next chapter begins now. Thank you for standing with us πŸ’™
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WazirX has completed token swaps, merger, migration, and rebranding for certain tokens, click here to know more πŸ‘‰ https://support.wazirx.com/hc/en-us/articles/9845645130522-WazirX-Has-Completed-the-Following-Token-Swaps-and-Migration
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As part of our ongoing preparations for the platform restart, we have completed a periodic review of tokens listed on our platform to ensure they continue to meet our high standards of quality and compliance.

Following this review, certain tokens have been delisted from the platform.

You can view the list of delisted tokens here πŸ‘‰ https://support.wazirx.com/hc/en-us/articles/9845663066010-WazirX-Has-Delisted-the-Following-Trading-Pairs
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Wishing our community a Diwali full of hope & new beginnings πŸͺ”πŸ§¨πŸš€
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πŸ“’ Funds Page Updated

The Funds page has been updated and now reflects the same token quantities as shown on the Rebalanced NLPA page. This update ensures consistency across both views as we move closer to the platform restart πŸ™πŸš€
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πŸ“’ INR and Crypto Deposits Now Live

Deposits for both INR and crypto are now enabled on WazirX.

You can now add INR or transfer crypto to your WazirX account as we move closer to the restart of trading on the platform.
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Trading Will Begin with ZERO Trading Fee Across All Markets πŸš€

Trading on WazirX will resume with zero trading fee across markets, making it easier for every user to trade seamlessly as the platform restarts.

Trading for tokens will be enabled gradually over four days, beginning on 24th October 2025. Each day, around 25% of all tokens will be enabled until the platform reaches full functionality by 27th October 2025, well within the 10-business-day timeline set out in the Court-sanctioned Scheme.

During this phase:

Β» From 24th to 27th October, all tokens will be enabled for trading in the USDT market.

Β» In the INR market, only the USDT/INR pair will be enabled for trading initially. Other INR trading pairs will be enabled gradually after the platform reaches full functionality, with separate announcements shared accordingly.

Read the full rollout schedule here πŸ‘‰ https://wazirx.com/blog/trading-to-resume-on-wazirx-with-zero-trading-fee-from-24th-october/
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Phase 1: 70 Tokens are Now Live on WazirX ⚑

You can now place orders across 70 trading pairs in the USDT market as a part of the phase rollout.

In the INR market, USDT/INR pair is live, with other pairs coming soon.

To ensure a smooth and stable trading experience for these pairs:

Β» Order placement has started at 10 AM IST
Β» Order matching will begin at 5 PM IST

Trading resumes with ZERO trading fee across all markets πŸš€

Check the list of live trading pairs here πŸ‘‰ https://wazirx.com/blog/trading-to-resume-on-wazirx-with-zero-trading-fee-from-24th-october/
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Phase 2 Rollout Complete ⚑️

You can now place orders across more 72 trading pairs in the USDT market as part of the phased rollout.

In the INR market, 4 additional pairs: BTC/INR, ETH/INR, BNB/INR, and TRX/INR are now live. More pairs to be added soon.

In case you missed it, to ensure a smooth and stable trading experience for these select tokens:

Β» Order placement has started at 10 AM IST
Β» Order matching will begin at 5 PM IST

Every trade you make on WazirX will be at 0️⃣ trading fee.

Check the list of live trading pairs here πŸ‘‰ https://wazirx.com/blog/trading-to-resume-on-wazirx-with-zero-trading-fee-from-24th-october/
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Phase 3 Rollout Complete ⚑️

With the Phase 3 rollout, you can now place orders across 70 NEW trading pairs in the USDT market.

While in the INR market, you can continue trading in USDT, BTC, ETH, BNB, and TRX trading pairs. More pairs to be added soon.

Reminder: to ensure a smooth and stable trading experience for these select tokens:

Β» Order placement has started at 10 AM IST
Β» Order matching will begin at 5 PM IST

You can place trades across markets at zero trading fee πŸš€

Check the list of live trading pairs here πŸ‘‰ https://wazirx.com/blog/trading-to-resume-on-wazirx-with-zero-trading-fee-from-24th-october/
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2025/10/27 02:26:22
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