Zipmex Thailand Suspends Trading Amid SEC Issues
Zipmex Thailand, a crypto exchange, has announced that it has stopped accepting new deposits and trading on its platform due to compliance issues with Thailand’s SEC. Customers can still withdraw funds until January 31, 2024. Zipmex Thailand, a crypto exchange that operates in Thailand, Australia, and Indonesia, has halted new deposits and trading on its […]
V Ventures reportedly acquires Zipmex exchange for $100M
Thai Venture capital firm V Ventures, has reportedly purchased troubled crypto exchange Zipmex. the exchange plans to use funds received from the sale to unlock frozen customer accounts on the platform by April 2023. According to a Dec. 2 Bloomberg story, V Ventures, a division of Thoresen Thai Agencies (TTA), a publicly traded business, plans […]
Zipmex Activates Recovery Plan, Restructuring Firm Helps
Zipmex has hired KordaMentha as its financial adviser to oversee a plan to get back on its feet. After having to stop withdrawals and file for protection from creditors in July, Singapore-based cryptocurrency exchange Zipmex hired a restructuring firm to help with a plan to get back on its feet. The exchange said on its […]
Zipmex wants to meet with Thai officials for “recovery strategy”
According to the company, the discussions would also involve representatives from Zipmex, Thailand’s SEC, and other governmental organizations. To discuss the company’s “recovery strategy,” Zipmex has asked to meet with the Securities Exchange Commission of Thailand (SEC) and other regulators. In a statement released on August 25, Zipmex stated that it has sent a letter […]
CEO of Zipmex refuses to resign despite company’s problems
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 […]