Zettai Pte Ltd., the parent company of WazirX, applied for a moratorium with the Singapore High Court On August 27.

This legal move comes after the major cyber attack on WazirX’s multisig wallet on July 18, 2024, that resulted in the theft of approximately $230 million worth of cryptocurrency assets.

WazirX has been urging its users to support the moratorium as it will give them at least six months to restructure and work out a plan to recover the stolen assets.

But, what if you don’t support WazirX’s moratorium?

Let’s get this straight - You’re not just playing with fire; you’re throwing your funds into a blazing inferno. Without the moratorium, WazirX will be walking a tightrope with no safety net. And guess what? If they fall, your funds fall with them.

Let’s understand what this moratorium actually means. Think of it as WazirX’s last line of defense—a legal shield that stops creditors from pouncing and gives the platform time to figure out how to save itself and your funds. Without it, creditors can swoop in, file lawsuits, and start tearing the company apart. How does it sound?

So, why is WazirX asking for support for this moratorium? It’s simple. The platform needs time—time to breathe, time to restructure, and most importantly, time to find a way to recover users' funds.

Think about it: if you oppose the moratorium, you’re basically saying you’re okay with WazirX being crushed under a mountain of lawsuits, with no plan in sight for recovering your funds.

And, in all this, how can we forget about the WazirX-Binance saga?

The ownership dispute between WazirX and Binance is the kind of corporate drama that keeps lawyers busy for years. Binance says they don’t own WazirX; WazirX says they do. Meanwhile, your funds are stuck in the middle of this legal tug-of-war. If you don’t support the moratorium, the drama only drags on, and you might be waiting years—yes, years—before anything gets resolved.

In the meantime, your assets? Frozen, locked away, waiting for a miracle that may never come.

But here’s the kicker: the moratorium isn’t just about stalling. It’s about finding solutions.

Supporting the moratorium means giving WazirX the chance to partner with new investors or even find a “white knight” to rescue the platform. Without it, no investor in their right mind would touch the platform. Who’s going to bail out a company when its doors are being kicked down by users? That’s right—no one.

If the moratorium isn’t granted, we’re looking at a fast track to disaster.

WazirX could be forced to shut down. And everyone knows what happens when an exchange shuts down without a proper exit plan. Users are left high and dry. Your funds? Good luck retrieving them from nowhere.

Let’s not forget how critical the user’s role is here. The moratorium requires the support of users—yes, that means you. This isn’t some corporate decision made behind closed doors; it’s a call to action.

If you wish to see your funds again, voting in favor of the moratorium is the best way.

In a nutshell…

“What if you oppose it? What’s the worst that could happen?”

Oh, just the collapse of the entire platform, that’s all. No moratorium means no restructuring. No restructuring means no recovery plan. No recovery plan means you’ll be left wondering why you didn’t support the one thing that could have saved your funds.

Lastly, ask yourself: Can you really afford not to support WazirX’s moratorium?

The choice is completely yours!