WazirX Reports on Current Restructuring Process, Creditor Support Vital
Crypto exchange WazirX, one of the most famous among Indian crypto exchanges, has reported crucial data on the current restructuring process via
Crypto exchange WazirX, among the most prominent Indian crypto exchanges, has reportedly shared crucial details about the ongoing restructuring process through an email to its users.
The email provides further updates on the actions being taken by the team for the restructuring process. A session on the Moratorium Application is set to take place on September 25, 2024, at 8:00 AM IST. The meeting for the hearing will be hosted on the Zoom platform and the exchange has urged creditors to complete their registration and confirm their attendance through the WazirX application.
Creditor Support Crucial for Restructuring
While the Singapore High Court is yet to rule on the cramdown proposal, a fresh poll for creditors on the restructuring scheme has been released by WazirX. Applicants are also required to confirm the date on which they received a copy of the Moratorium Application and tick whether they are in support of it, against it or have no objection to it.
Participation has been highlighted by WazirX as it directly impacts the decision-making in the case. The survey will be open till September 21, 2024.
Second WazirX Townhall Meeting
A second townhall meeting is set to be hosted by WazirX on September 16. During the session, the exchange will provide a detailed overview of the draft restructuring proposal that will be put forth by them. Creditors will be given the opportunity to ask questions, which will be particularly catered to for those creditors who fill out a Google Form that will be made available, indicating the questions they wish to ask.
The event will be streamed on YouTube and creditors will be able to ask questions and participate in the Q&A session. Lastly, WazirX has asserted that all users’ crypto and fiat balances remain safe, emphasizing that the ongoing process aims to ensure a fair legal solution for all parties involved.
The above is the detailed content of WazirX Reports on Current Restructuring Process, Creditor Support Vital. For more information, please follow other related articles on the PHP Chinese website!

Hot AI Tools

Undress AI Tool
Undress images for free

Undresser.AI Undress
AI-powered app for creating realistic nude photos

AI Clothes Remover
Online AI tool for removing clothes from photos.

ArtGPT
AI image generator for creative art from text prompts.

Stock Market GPT
AI powered investment research for smarter decisions

Hot Article

Hot Tools

Notepad++7.3.1
Easy-to-use and free code editor

SublimeText3 Chinese version
Chinese version, very easy to use

Zend Studio 13.0.1
Powerful PHP integrated development environment

Dreamweaver CS6
Visual web development tools

SublimeText3 Mac version
God-level code editing software (SublimeText3)

In the active crypto market, the ZKC token issued by Boundless, a second-tier platform focusing on zero-knowledge proof technology, is expected to stabilize around $0.8 before and after listing. ZKC tokens launched WhalesPro's leading TGE pre-trading OTCDEX WhalesPro recently ushered in ZKC tokens, and its inflows continue to rise, with the cumulative total transaction volume exceeding US$307,000. The current ZKC quote on the platform is $0.705, a drop of nearly 12%. However, trading volume surged by more than 734% in 24 hours to $155,971. Buyer's orders are mainly large, with bidding ranges ranging from 0.8 to

The catalog subverts traditional brokerages? Who is the next Robinhood? "Crypto brokerage", the birth of a new species, the wave of "selling US stocks" has swept the entire cryptocurrency industry. According to incomplete statistics from the author, more than 30 crypto trading platforms on the market have begun to "sell US stocks", of which as many as 10 platforms with more than 10 million users. For example, Bybit (70 million users), Gate (30 million users), Kraken (15 million users), OKXWallet (55 million users), Phantom (1500

Table of Contents What is a Black Swan Event? Characteristics of Black Swan Events Black Swan Events Examples of Black Swan Events Psychological Effects of Black Swan Events Why Black Swan Events are Important for Traders Risk Management Strategies Future Is the Impact of Future Risk Management Strategies Prepare for Black Swan Events Is Black Swan Events Good or Bad? Frequently Asked Questions about Cryptocurrency Black Swan Events What is the Black Swan Event simply? Can the black swan event be predicted? How can cryptocurrency investors protect themselves from the black swan event? Conclusion In financial markets, including cryptocurrencies, most price volatility can be explained by the normal pattern of supply and demand and investor sentiment. But sometimes, an unexpected extreme event occurs, no one predicts

Directory What is Boundless? Vision and Positioning Target Users and Value Technology Architecture Proof Network: Off-chain Generation Aggregation and Settlement: On-chain Verification PoVW Incentives: Pay for Verified Job Development and Interoperability Integration Path Performance and Security Discussion ZKC Token Economics Supply and Inflation Utility and Value Acquisition Ecosystem Partnership and Latest Progress Recent Milestones and Market Signals Developers and Infrastructure Responds Future Roadmap Verifier Capacity and Geographic Distribution Standardization and SDK Deepening Frequently Asked Questions Key Points Boundless aims to build "verifiable computing" into a cross-chain public service:

Table of Contents How Solana's architecture achieves fast trading Solana Average transaction time Solana transaction speed vs other blockchains Bitcoin Ethereum Binance Smart Chain (BSC) Why Solana's speed is so important to end users and developers Factors that affect Solana transaction speed 1. Network congestion 2. Verifier performance 3. Application load 4. Network failure and update 5. Finality and confirmation The future of Solana transaction speed 1. Continuous network upgrade 2. Overcoming current capacity 3. Better validator infrastructure 4. Ecosystem construction and optimization 5. Improve

Key points of the catalog: Bitcoin breaks through key resistance and strengthens the order book liquidity pattern suggests upward direction. Latest analysis shows that after Bitcoin (BTC) successfully breaks through and stands firm in the key resistance area, bulls are accumulating momentum to hit new historical highs. Key points: Data shows that after Bitcoin returns to $114,000, there is still room for this bull market to rise. Historical cycle comparison shows that if the current top appears at $124,000, this bull market will last too short and do not conform to the typical pattern. The order flow and liquidity distribution provide "structural guidance" for the direction of BTC prices. Bitcoin (BTC) is currently showing strong upward inertia, and analysts generally believe it is "difficult to easily reach the top." As key technical positions are broken, market sentiment turns to optimism. famous

Directory What is a stablecoin? How does stablecoins work? The decentralized support of cryptocurrencies is based on traditional assets. The classification of stablecoins is supported by algorithms. The stablecoin with fiat currency collateral assets B. The stablecoin with cryptocurrency collateral assets C. Why does the algorithmic stablecoin have stablecoins? The most well-known stablecoins at a glance. Tether (USDT) BinanceUSD (BUSD) USDCoin (USDC) DAI (DAI) Stablecoins Pros and Cons. Stablecoins Controversy and Future Controversy Points: Future Trends: Conclusion: Stablecoins and their role in the cryptocurrency world. What are the common questions about stablecoins? What is the best stablecoin?

Weak economic data support Bitcoin (BTC/USD) short-term and long-term technical trend analysis On Saturday, Bitcoin price fell below the $110,500 mark, a single-day decline of more than 2%, and market expectations for a rebound in the fourth quarter gradually cooled down. This emotional shift stems from a warning from analyst PlanC, who pointed out that relying on historical halving cycles to predict this round of highs is not statistically reliable. PlanC compares this prediction method to the "coin toss fallacy" and reminds investors not to blindly believe that past price patterns will be repeated. He said: "There is no statistical basis for supporting the claim that Bitcoin will peak in the fourth quarter. The current market structure is very different from previous cycles - the launch of Bitcoin ETFs and large-scale corporate holdings