In the world of crypto, we move fast. Markets surge, opportunities arise, and in an instant, fortunes change. But sometimes, we hit roadblocks—massive ones. WazirX hit one such roadblock last year in July 2024, when hackers managed to steal approximately $230 million in crypto assets, leaving the platform owners, WazirX users, and the whole crypto community in utter shock.
The past few months have tested everyone’s patience, but now, the moment of decision is here.
Your vote is going to shape your financial future. And there are only 2 choices: Either restructuring or liquidation. It’s more like progress or paralysis. Hope or uncertainty.
Lessons We Can’t Ignore
It’s tempting to hold out for a better deal, to believe that saying “no” today might open new doors tomorrow. But history has a way of teaching us hard lessons.
Do you remember WazirX’s earlier recovery plan, which returned 55% of funds? Many said no, expecting more. But what happened? After nine months of no access to any funds and lingering uncertainty, we finally got a green signal after the Singapore High Court approved their Scheme.
There are various other crypto exchanges that face similar situations. Where users rejected recovery and were waiting for a miracle. Instead, they got liquidation. And we all know that liquidation eats up a huge chunk of legal fees, liquidators sell the funds (which is mostly at a loss), and it could lead to the permanent shutdown of the platform. What’s left at the end? Nothing, just a shattered dream.
We should learn from past experiences. Saying no doesn’t lead to something better – it can lead to total loss.
Reality of Liquidation
Liquidation and bankruptcy may sound like routine procedures, but they spell disaster. Here’s what a NO vote brings:
- Everything Comes to a Halt – The WazirX platform ceases operations. No trading, no withdrawals—just an inaccessible app.
- Assets Sold for Pennies – Liquidators take control, offloading your crypto quickly at undervalued prices. Your hard-earned assets become someone else’s bargain buy.
- No Path to Recovery – Any lost or frozen funds remain out of reach. Liquidators aren’t in the business of fixing—they’re there to dissolve.
- A Long and Costly Process – Prolonged legal battles will eat away at any remaining funds, stretching for years with no guarantees.
- Lost Opportunities – Crypto markets evolve. Future airdrops, price surges, and growth potential? None of that will matter if your funds are gone.
Recovery: The Smarter Choice
Voting YES isn’t just about avoiding the worst-case scenario—it’s about reclaiming control of your financial future.
- Fast Access to Funds – If the plan is approved by April/May 2025, initial payouts will begin within 10 business days. That means actual funds in your wallet, without endless waiting.
- Equitable and Clear – Every user receives a fair portion, ensuring transparency and eliminating biases.
- Path to Growth – Keeping WazirX operational allows illiquid assets to appreciate, while profit-sharing mechanisms can further increase user returns.
- Guaranteed Execution – The restructuring agreement is legally binding, meaning Zettai is committed to following through on its promises. They can’t run away from anything.
- Additional Perks – Potential airdrops could serve as extra benefits, adding further value to your holdings.
Vote Now For A Secure Future
Fast forward to April 2025—you log into your wallet, and your funds are accessible. You resume trading, explore new opportunities, and regain financial control. The relief is real. The progress is tangible.
Now, imagine it’s 2030. The liquidation process dragged on for years. Your assets were sold off long ago, legal fees consumed a large portion, and the market moved forward without you. The window of opportunity closed, and all that remains is regret.
Which outcome do you want?
A Call to Action to Secure Your Future
This decision isn’t just about WazirX but about your investments and future.
Liquidation means surrendering to an uncertain fate, where liquidators dictate the terms. Restructuring offers a structured path forward, ensuring you reclaim what’s yours.
A YES vote is more than just a choice—it’s a statement that you value your investments, that you refuse to let external forces decide your future, and that you’re ready to take back control.
Let’s move forward—together.
