Zipmex asked to extend the moratorium on protection against creditors
The Thai cryptocurrency exchange of Zipmex has submitted to the Singapore court a petition for protection against creditors until April 2, 2023.
For the past 3 months after the Singapore Court has granted Zipmex Group moratorium relief, Zipmex has been in constant contact with regulators to provide them with regular updates on the evolving situation. Pic.Twitter.COM/GHZZN7NKON
– Zipmex (@zipmex) November 18, 2022
“Zipmex is working to ensure that in all of our actions we adhere to what is in the best way to meet the interests of our customers,” the report said.
A source of Coindesk said that the reason for the extension of the application was the continuing negotiations of the exchange with the investor about the absorption. According to him, the parties can agree on the terms of the transaction “already next week”.
Earlier it became known that Zipmex is close to signing an agreement for $ 100 million with a venture venture venture company V Ventures. The latter is ready to allocate funds in exchange for 90% of the shares of the trading platform and is its current investor.
Zipmex was faced with a lack of liquidity after the problems of partners – Babel Finance and Celsius Network -. On July 20, she suspended the withdrawal of funds, citing the “combination of circumstances” beyond her.
A few days later, the exchange partially resumed the deposit and withdrawal of funds, and later went to the Court of Singapore to protect against creditors.
Recall that the Thailand securities and exchanges commission applied to the police with a statement on ZipMex and its co -founder Akalarpa Yimvilay.
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