Zipmex creditors get their hopes up after exchange receives moratorium extension
The Singapore High Court has approved the creation of an “Administrative Convenience Class” made up of creditors with assets under $5,000 in their Z Wallets.
The Singapore High Court has approved the creation of an “Administrative Convenience Class” made up of creditors with assets under $5,000 in their Z Wallets.
Zipmex creditors are given until February 21 to cast their votes on a KordaMentha-backed scheme that could see them get a hold of their frozen funds in Z Wallet.
Zipmex lays out its plan to break from a liquidity crisis by introducing potential investors to Thai regulators while appointing solicitors to ensure its smooth restructuring process.