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FAQ: What is ''SUM 940'' and how does it impact the platform’s restart timeline?

A: ''SUM 940'' refers to the legal application Zettai filed in the Singapore High Court to seek formal approval (or sanction) for the Scheme of Arrangement after the voting concluded. It’s a standard and necessary step in the restructuring process.

This step isn’t causing any delay—it’s part of the planned timeline. As shared earlier, the Scheme needs to be legally sanctioned by the Court before distributions and platform restart can begin. The Court has scheduled the hearing for 13 May 2025, and we're moving forward in line with that timeline.

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FAQ: What is ''SUM 940'' and how does it impact the platform’s restart timeline?

A: ''SUM 940'' refers to the legal application Zettai filed in the Singapore High Court to seek formal approval (or sanction) for the Scheme of Arrangement after the voting concluded. It’s a standard and necessary step in the restructuring process.

This step isn’t causing any delay—it’s part of the planned timeline. As shared earlier, the Scheme needs to be legally sanctioned by the Court before distributions and platform restart can begin. The Court has scheduled the hearing for 13 May 2025, and we're moving forward in line with that timeline.
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Newly uncovered hack campaign in Telegram

The campaign, which security firm Check Point has named Rampant Kitten, comprises two main components, one for Windows and the other for Android. Rampant Kitten’s objective is to steal Telegram messages, passwords, and two-factor authentication codes sent by SMS and then also take screenshots and record sounds within earshot of an infected phone, the researchers said in a post published on Friday.

FAQ: What is ''SUM 940'' and how does it impact the platform’s restart timeline?

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