For users still waiting for their crypto, there’s finally hope on the horizon. After facing the cyberattack in July 2024, WazirX and its team have worked tirelessly to create a new scheme of arrangement—one that’s honest, transparent, and ready to start helping users within days if you vote YES.
Let’s walk through how things have changed, what this plan actually offers, and why saying YES in the upcoming revote is your best path to getting your money back.
What Went Right For WazirX
After last year’s cyberattack, nearly every user was in shock. But WazirX didn’t disappear—they kept communicating, answered tough questions, and kept fighting to recover user funds.
They engaged the Singapore High Court to create a structured way forward and, after months of refining the plan with feedback from users, regulators, and legal experts, WazirX now has a clear path to recovery.
Unlike so many other stories in crypto, where users are left with no answers and no hope, WazirX is setting a new standard for accountability in India’s crypto scene.
What’s Changed? The Amended Scheme of Arrangement
The amended scheme is a smarter, faster way to get users their crypto back.
Here’s what’s different—and better—about it:
India-Based Fund Management: Fund distribution will be managed by Zanmai Labs, a trusted Indian entity, ensuring local oversight and quicker, more secure payouts.
Rapid Token Distribution: If the plan is accepted, users can expect to start getting back a significant part of their crypto within 10 business days of court approval. That’s just two weeks—not years.
Full Platform Restart: Shortly after payouts begin, WazirX plans to fully relaunch the platform—with trading and withdrawals—so users can move their assets as they wish.
Recovery Tokens for Future Profits: The plan also includes a clear way to share future profits with users through “recovery tokens and other business initiatives,” so everyone benefits as WazirX rebuilds.
How does the Revote Work?
- All eligible WazirX users get a vote.
- Voting is open, easy, and independently verified—so every voice really does count.
- YES means “I’m ready to move forward, get back my funds, and restart the platform.”
- NO means waiting much longer, with legal delays, higher costs, and uncertainty.
What Happens After a YES Vote?
- Results go to the Singapore High Court for final approval and sanctioning.
- Fund distribution can begin almost immediately after the court says yes.
- Most users will see 85% of their funds return within days—a huge step ahead of typical crypto recovery stories.
How WazirX Sets a New Bar
Other global crypto meltdowns—like Mt. Gox or FTX—left users waiting years, sometimes with only small payouts.
WazirX’s plan is designed for speed and fairness: users lead, the court oversees, and payouts start within days, not months or years.
Comparison
This is genuine progress, not just more promises.
Why Voting YES Is Good for the Community
Saying YES isn’t just about getting your personal funds back—it’s about building a stronger, more trusted crypto environment in India.
Every YES vote helps get the platform running again, brings back jobs, adds liquidity to wallets, and lets the community start fresh.
Key Points at a Glance
Frequently Asked Questions (FAQs)
Will I Get My Full Crypto Back?
Most users get back about 85% fast; the rest is paid out via recovery tokens as WazirX rebuilds and grows.
Who’s Making Sure This Is Fair?
Independent parties verify the vote, Indian partners oversee payouts, and regular updates are given to all users.
What If I Don’t Vote?
Your vote matters—only a strong YES majority unlocks this fast, secure recovery. If you don’t vote, you miss your chance to shape what happens next.
The Road Ahead
This is a pivotal moment for WazirX—and for the Indian crypto community.
By voting YES, you’re not just saying yes to your own funds; you’re saying yes to a safer, more transparent, and more accountable crypto future in India.
Let’s keep the conversation going. Share your story, ask questions, and help spread the word so everyone can make an informed choice.
Together, we can restart WazirX—and set a new standard for trust in Indian crypto.
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