Knox is also there for warranty issues. If the trigger is tripped then Samsung won't honor warranty returns. It trips when you root (using an old method) or you change system files. Currently there is no known way to revert it back so once it's tripped you're screwed.
1x1 flag means it's good
1x0 flag means it's tripped.
Sorry your post is incorrect, apart from no resetting the Knox flag.
0x0 means it's good
0x1 means it's tripped.
These are the only two states. The Knox flag status can be seen from Download mode (Volume down + home Key + Power, all held together, power key last to be pressed until the "warning screen" and some info about the risks of installing a custom OS. Then the up Key. The Knox and other statuses are in the top left corner to return to normal from this screen: long press power to reboot as normal)
Samsung may well honour warranty repairs on a Knox tripped device, they may not as well, it is a grey area. Here in the UK along with the rest of the European Union we get a manufacture 2 year warranty on all consumer electronics. Technically it is illegal in the EU to deny a warranty repair for altering software on a device, provided altering the software hasn't damaged it (over clocking and frying the CPU for instance, obviously would not be covered), however "technically" isn't actually. There is anecdotal evidence that a "Knox tripped" device has gotten a warranty repair, usually for something totally unrelated like a faulty hardware button, but still warranties have been honoured.
The "Knox warranty void: 0x1" status is not the device warranty but the security warranty provided by Samsung with Knox. It can never be reset, ever, as it has "blown" an eFuse. The Knox flag reads the efuse status (in essence a singular bit on a chip, it's two states 0 or 1. 1 is tripped 0 is OK, it is tripped when the bootloader is compromised by either rooting (not always, see "Root De La Vega"), or installing a custom recovery (always tripped).
See Here, for so far, the only official word on Knox :
https://www.samsungknox.com/en/blog...ox-enabled-devices-and-knox-warranty-void-bit