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Cryptocurrency exchange Zipmex has missed the latest payment under its buyout agreement with venture capital firm V Venture. Without the $1.25 million payment, the Singapore-based exchange warned it may have to begin liquidating one of its units and suspend payroll. (Read More)
Thai crypto exchange Zipmex has landed in fresh trouble after an investor missed a $1.25 million payment, rendering its $100 million venture-backed acquisition hanging in balance. According to a report by Bloomberg News, the $1.25 million payment deadline was on March 23 in order to fund working capital. In the letter, Zipmex stated that if […]
Thailand-based crypto exchange Zipmex’s $100 million rescue plan has hit a snag as the investor failed to make a $1.25 million payment due on March 23, Bloomberg reported on March 24.
The post Zipmex acquisition faces challenges as buyer misses $1.2M payment appeared first on CryptoSlate.
Singapore gave Vauld another creditor protection term. The corporation needs a resurrection strategy by Feb. 28. Due to market circumstances, the site stopped 800,000 user withdrawals in July 2022. It received a three-month liquidity moratorium in August 2022. (Read More)
Reportedly, the Securities and Exchange Commission (SEC) of Thailand has begun looking into the troubled cryptocurrency exchange Zipmex. The latter’s
A potential buyer is reportedly close to agreeing on a deal to take over Zipmex. (Read More)
Sources citing an email sent by Mahagitsiri’s representatives indicate that Zipmex’s co-founder and Chief Executive Officer, Marcus Lim, demand to forfeit 100% of his holdings in the company. (Read More)
The South Asian country's trade ministry is planning to issue rules to govern crypto exchanges that will require two-thirds of the board of directors and commissioners to be Indonesian citizens and live in Indonesia. (Read More)
Thai regulator has banned digital asset operators from offering crypto depository services that pay returns to depositors to protect traders and the public from service providers’ business risks. (Read More)
The Thai SEC has accused Zipmex and its executives in its complaint.
The Thailand offshoot of the beleaguered digital assets platform Zipmex might have landed itself in more trouble and this time, it is with the Thai Securities and Exchange Commission (SEC). (Read More)
Thailand has announced new measures to regulate cryptocurrency advertising in order to protect investors from being misled into buying risky crypto products. (Read More)
Zipmex said it has appointed restructuring specialist as its financial advisor. KordaMentha is expected to help Zipmex establish a restructuring process. (Read More)
The firm stated that its potential investors will also attend the meetings, which will include Zipmex, Thailand's SEC, and government agencies.
Hodlnaut, a Singapore-based digital currency lending platform, has joined its counterparts in seeking out the protection of the courts with its recent application for Judicial Management. (Read More)
Zipmex, Asia's leading digital asset exchange, said it had won creditor protection from the Singapore High Court for more than three months, gaining time to address liquidity issues. (Read More)
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Zipmex restored users’ access to their balances, allowing them to withdraw 0.08 ETH. On August 16, users will also be
Zipmex, a recently insolvent crypto exchange, has partially restored users’ ability to access their ETH balance, but only to a point. Zipmex Partially Opens Withdrawals ETH holders on Zipmex can...
Thailand’s regulators are still approving crypto companies despite one of its largest ones suspending withdrawals.
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