WazirX parent verifies platform assets, liabilities before creditor voting

The independent assessors (IA) verified the existence, control, and quantity of the platform assets

Zettai, the parent firm of embattled cryptocurrency exchange Wazir X, said Thursday that it had completed the verification of platform assets and liabilities, ahead of the company’s creditor voting to approve a scheme of arrangement.

 

The company said the assessment was conducted by independent assessors, including Joshua Taylor of Alvarez & Marsal (SE Asia) Pte Ltd and Henry Anthony Chambers of Alvarez & Marsal’s dispute and investigations practice.

 

The assessors have independently verified the existence, control and quantity of platform assets. These include net liquid assets in custody of digital asset company BitGo in four cryptocurrency exchanges and nine cold