Zipmex is one of many crypto companies that withered as the market slid earlier this year. Bitcoin fell from $69,000 to $17,000 in six months, bankrupting lenders like Celsius Network and Voyager Digital while Singapore-based hedge fund Three Arrows Capital imploded. Zipmex loaned $48 million to Babel Finance, also a crypto lender, and $5 million to Celsius, none of which has been repaid.
Source: https://www.coindesk.com/business/2022/08/26/crypto-exchange-zipmex-appoints-restructuring-firm-to-forge-recovery-plan/?utm_medium=referral&utm_source=rss&utm_campaign=headlines