- Wazirx’s voting ends on August 6th, and third-party surveillance ensures a safe and tamper-proof process.
- Before Zettai seeks court approval of the revised scheme, Alvarez & Marsal examines the vote.
- Zanmai will allow token access within 10 business days of the court sanctioning the scheme.
A vote on the revised arrangement scheme for Wazirx users is currently underway and is expected to close on August 6, 2025 at 7:30pm. Exchange details a multi-step independent system created to ensure that processes remain transparent and secure. Once all legal requirements are met, eligible users will have access to the token.
Voting was underway and ended at 7:30pm on August 6th.
»All votes are collected on secure third-party platforms – Kroll Publisher Services
»After the vote ended on August 6th…pic.twitter.com/drhvwmaeya
– Wazirux: India KA Bitcoin Exchange (@wazirxindia) August 4, 2025
Wazirx employs the Kroll Issuer Services (KIS) platform to manage the collection and storage of votes. Recognised for its ability to manage responsibility and corporate behavior solutions, KIS hosts a secure, technology-enabled interface that is directly accessed via the Wazirx platform. According to the report, each vote cast during the period is authenticated, timestamped and stored in a protection system aimed at preventing unauthorized tampering or manipulation.
When the voting window closes, KIS will forward all voting data to an independent evaluator for verification. Two appointed evaluators, Joshua Taylor and Alvarez & Marsal’s Henry Anthony Chambers (A&M), will receive the complete voting data set. Taylor and Chambers are experienced professionals in restructuring and forensic accounting, respectively, and A&M provides advisory and verification services in a variety of industries around the world.
Independent verification and reporting procedures
Independent evaluators will look at the voting records to ensure accuracy and completeness of the entire process. Their reviews include verifying the reliability of the vote and compliance with the required steps. After completing this verification, the evaluator will issue an official report detailing the findings.
Zettai, the company that oversees the scheme, will receive this report along with the appointed scheme manager. Once the verified results are delivered, Zettai will formally notify all scheme creditors of the results.
Final approval and token access timeline
Given the end of the independent verification, Zettai is currently likely to approach the Singapore courts, seeking to obtain court sanctions on the revised arrangement scheme after the necessary majority approvals among voters have been secured. Once the court has decided, the exact date of the revised scheme will take effect.
After the court approves the scheme, Zanmai, one of the FIU India-regulated entities, grants users access to eligible tokens. Wazirx says this will be achieved within 10 business days of the effective date of the scheme.
