WazirX is letting 4.4M users vote on Kroll’s platform (Mar 19-28) for fund redistribution after the ₹2000Cr hack, results on Apr 11.
WazirX is finally letting its 4.4 million users have a say on how their funds will be redistributed after last year’s massive ₹2000 crore hack. The voting will take place on Kroll Information Services (KIS) from March 19-28, as ordered by the Singapore Court overseeing WazirX’s parent company, Zettai Pte Ltd. The goal? To make the process fair and transparent by using an independent third-party platform.
Kroll isn’t just any random firm—it’s the legal partner WazirX hired to sort out creditors’ claims after the crypto exchange got suspended for seven months. During a YouTube town hall on Wednesday, WazirX confirmed that only scheme creditors with approved claims can vote. Plus, regardless of how users vote (or if they don’t vote at all), the final decision will apply to everyone if the scheme is approved.
To ensure everything checks out, WazirX has also brought in Alvarez & Marsal (A&M) as an independent assessor. A&M will audit the voting results from April 1-8, and the final outcome will be revealed on April 11, this year. This is a crucial step for WazirX users hoping to recover their lost funds.
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