WazirX’s Moratorium: Support or Oppose—What’s the Best Move?

After the $230 million cyber attack on WazirX’s multisig wallet, Zettai Pte Ltd, the parent company of WazirX, has applied for a moratorium. It is a legal protection as the organization struggles with ongoing financial distress and a high-stakes ownership dispute with Binance.

The moratorium news has left the community filled with questions.

Why was there a need to file the moratorium? Is WazirX focusing on saving themselves only? Or is moratorium the key where users finally get their funds back?

One thing’s for sure—everyone’s watching, and the stakes couldn’t be higher.

Let’s cut through the noise: Why should you support WazirX’s moratorium? On the surface, it might sound like just another delay tactic, but dig a little deeper, and the picture becomes clear. This isn’t about buying time to sort out the mess. It’s about giving WazirX the breathing room it desperately needs to recover your funds.

Without the moratorium, WazirX is open to creditor lawsuits, winding-up petitions, and the full legal force of financial disaster. Your money? It could be lost in the chaos. But with the moratorium, everything freezes. No legal actions, no sudden collapse, just a matter of time.

Looking at the actions of WazirX since Day 1 of the hack, one thing is clear: what really matters for them is getting users their funds back.

Now, what will happen if you don’t support WazirX’s moratorium?

For that, we’ll have to talk about the elephant in the room—Binance. The ownership battle between WazirX and Binance has been nothing short of dramatic. Binance denies owning WazirX, while WazirX claims otherwise. This tug-of-war over ownership has left users stuck in limbo, with frozen crypto assets adding fuel to the fire.

Now, imagine waiting years for this mess to resolve—your funds being held hostage to a legal soap opera. Not supporting the WazirX’s moratorium indicates you’re a hardcore drama-lover and you’re willing to wait, by all means.

Want to see action? Want to see real progress? Supporting the moratorium is the only move that will make sense.

By supporting the moratorium, WazirX can move forward without needing to wait for the Binance drama to conclude. It opens up new avenues—partnerships, business deals, even a white knight investor swooping in to save the exchange. Without the moratorium? None of that is possible. You may never see your funds again.

Supporting the moratorium is about ensuring WazirX has the space to work out solutions, rather than being buried under creditor lawsuits.

Let’s talk about the alternative. What if you’ve opposed and the moratorium isn’t granted? If you think things are bad now, imagine this: WazirX without legal protection. Creditors start filing lawsuits. Winding-up petitions are passed. Your funds? Poof—GONE, tangled up in a legal nightmare that could last for years.

We need to understand that the moratorium will keep these things on pause, allowing WazirX to focus on negotiating with investors, ensuring that crypto balances are restored, and—most importantly—ensuring users get their funds back.

If we see, six months for restructuring is not too long, it’s the bare minimum for a crisis of this scale. Upon opposing the moratorium, the users might find themselves waiting years for any sort of resolution.

Six months could save you from years of uncertainty. What say?

And here’s the final thing—your vote matters. If the moratorium passes, WazirX has a real shot at recovering your funds. But if it fails? The game’s over. You will be left holding nothing but regret.

Supporting the moratorium isn’t just a smart move—it’s a necessary one. Don’t be fooled by so-called influencers into thinking your vote won’t make a difference. Your funds, your vote.

Remember, every vote matters!