Only until customers have received a complete refund will Zipmex CEO Marcus Lim and Co-Founder Akalarp Yimwilai resign.
Marcus Lim, the founder, and CEO of the Thai-based cryptocurrency platform Zipmex, declared he would continue to lead the business unless the company’s new big owners forced him to step down. Last month, the company stopped allowing consumer withdrawals, although the boss promised to compensate any impacted individuals.
It is safe to state that the ongoing bear market caused Zipmex to experience some significant difficulties. It stopped client withdrawals last month and acknowledged a multi-million exposure to financially distressed companies Celsius Network and Babel Finance.
The crypto exchange soon after applied for a moratorium relief to stop its creditors from filing claims for the following six months.
Clients became anxious due to the volatility, and some requested that the CEO, Marcus Lim, resign from his position. They claimed that his bad managerial choices were the root of Zipmex’s issues.
Lim has stated in an interview with The Australian Financial Review that he won’t step down until all lost monies are returned to their owners. The CEO wants to attract new majority owners to do this.
If the clients continue to demand their resignations, Lim indicated he and co-founder Akalarp Yimwilai would step down after this objective is achieved.
“Should this happen, my co-founder Akalarp [Yimwilai] and I have made it clear that we will fully cooperate with them and their wishes in the event they may be looking for a management change.”
