Embattled Zipmex files to extend creditor protection until April 2023
The current creditor protection, granted in August, runs out on December 2, and each of the five Zipmex subsidiaries has filed in Singapore for an extension.
Latest Zipmex News
Thailand: 5 firms face legal action over alleged illegal digital asset exchange activity
Five prominent legal entities face intense scrutiny from Thailand's Securities and Exchange Commission over their alleged involvement in manipulating the digital asset market to lure more investors.
Thailand SEC accuses Zipmex of allegedly breaching regulations
The SEC disclosed that Zipmex and its co-founder Eklarp Yimwilai failed to report all relevant details surrounding the pausing of withdrawals and deposits on the platform.
Zipmex bares plan to introduce potential investors to Thai SEC: financial adviser
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.
Troubled lender Hodlnaut applies for creditor protection in Singapore
Hodlnaut is following the path taken by Zipmex and Vauld, two other troubled VASPs which were given three months of breathing space to sort things out.
Zipmex gets 3-month creditor protection in Singapore as investors call out for CEO’s blood
Two weeks since granting Vauld protection, Singapore has extended the same to Zipmex, an exchange whose tie-up with Babel Finance and Celsius was its downfall.
Singapore-based Zipmex exchange files moratorium on bankruptcy
Zipmex explains that the application does not imply the liquidation of any entities, but it helps protect the company against third-party actions, claims, and proceeding.
Thai SEC launches online complaint form for Zipmex users affected by withdrawal suspension
The online complaint form will be more convenient for users and will help them gather more factual information "clearly and accurately," according to the Thai securities regulator.
Singapore-based Zipmex exchange suspends withdrawals citing market conditions
Zipmex offers both digital assets spot trading and an interest-bearing account service that offers users up to a 10% annual percentage yield.
Zipmex crypto exchange acquires license to operate in Thailand
The Thai SEC has approved crypto exchange Zipmex to operate in the country, becoming one of just a handful of crypto exchanges licensed in the Asian nation