Zipmex has asked for a meeting with regulators and potential investors to present a recovery plan. The exchange also re-enabled its Z wallet. Beleaguered crypto exchange Zipmex has made multiple devel...
Tag: Zipmex
Crypto Exchange Zipmex Appoints Restructuring Firm to Forge Recovery Plan
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 Digi...
Zipmex Taps Restructuring Firm as it Fights To Stay Afloat
Zipmex said it will lay out a recovery plan to government agencies as it seeks to close deals on some much-needed investor funding The embattled exchange has also appointed a restructuring and financi...
After Zipmex, Crypto Lender Hodlnaut Files For Creditor Protection
Hodlnaut, a cryptocurrency lender and borrower based out of Singapore has recently filed an application for judicial management. This shall help the platform restructure its business. A little over a ...
Crypto Exchange Zipmex Granted 3-Month Protection from Singapore Court against Creditors
Zipmex, Asia’s leading digital asset exchange, said it has won creditor protection from the Singapore High Court for more than three months, gaining time to address liquidity issues. ZipmexX sus...
Struggling Crypto Exchange, Zipmex Granted 3-month Moratorium Extension by Singapore High Court – crypto.news
The South Asian crypto exchange is in a rough patch after its exposure to Babel Finance and Celsius Network, which are currently bankrupt. The Singapore high court last week granted the exchange prote...
Crypto Exchange Zipmex Granted Three Month Creditor Protection From Singapore Court
Crypto Exchange Zipmex has just received a moratorium extension from Singapore High Court. At the moment, Zipmex has more than three months of creditor protection. This will give the crypto exchange s...
Zipmex CEO Allegedly Asked to Step Down by Disgruntled Investors
Zipmex CEO Marcus Lim is under scrutiny by investors and shareholders, some of whom are calling for his resignation. They allege mismanagement is the reason for the exchange, whose ties to embattled l...
Singapore High Court Grants Zipmex 3 Months of Protection
2 hours ago | 2 mins read Exchange News Due to cash flow problems, the company temporarily halted withdrawals. High Court’s Justice Aedit Abdullah has put a hold on any further legal action. Several c...
Report Singapore High Court Grants Troubled Zipmex 3-Month Relief from Creditors’ Action
The Singapore High Court on Monday granted crypto exchange Zipmex protection from creditors until December 2. Zipmex had asked the court for bankruptcy protection on July 22 and more time for debt res...
Zipmex gets over three-month moratorium extension to resolve its liquidity crisis
Troubled South Asian crypto exchange Zipmex, which abruptly halted client withdrawals last month and sought protection from creditors, has received just over three months to sort out its liquidity iss...
Singapore Court Approves Zipmex Request for Creditor Protection
Zipmex has been granted three months‘ creditor protection by the court of Singapore, giving the exchange time to consult with regulators and develop a strategy to address the exposure of $53 million f...
Zipmex gets 3 month protection in Singapore amid halted withdrawals
Cryptocurrency exchange Zipmex has gotten a chance to sort out liquidity issues as a court in Singapore has granted the firm with more than three months of creditor protection. Singapore’s High Court ...
Zipmex Crypto Exchange Gets Over 3 Months Creditor Protection in Singapore: Report
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Crypto Exchange Zipmex Sanctioned Limited Withdrawal
26 mins ago | 2 mins read Editors News Zipmex restored users’ access to their balances, allowing them to withdraw 0.08 ETH. On August 16, users will also be able to withdraw 0.0045 BTC. Zipmex, a rec...
Zipmex enables up to $153 worth of ETH withdrawals
Zipmex, the lender that had halted customer withdrawals on July 20, is allowing customers to access and withdraw up to 0.08 Ethereum (ETH) tokens, worth around $153 at the time of writing, starting Au...
Zipmex Restores Limited Ethereum Withdrawals
Key Takeaways Zipmex has partially reopened user access to balances, allowing users to withdraw 0.08 ETH as of today. Users of the exchange will also be able to withdraw 0.0045 BTC beginning next week...
Zipmex Opens Crypto Withdrawals After Pausing Due To Volatile Markets
The recent crypto winter plunged some crypto firms into insolvency. Also, the collapse of Terra algorithmic stablecoin and its native token, LUNA, aided the devastating effect of the bearish trend. As...
Crypto Exchange, Zipmex, Is Set to Resume Ethereum and Bitcoin Issuance – crypto.news
A report from Zipmex revealed that the platform would begin releasing Bitcoin and Ethereum tokens in the coming days. The company’s spokesperson announced that the exchange would resume withdrawals of...
Distressed Crypto Platform Zipmex to Resume Some BTC and ETH Withdrawals (Report)
The Thai-based cryptocurrency exchange – Zipmex – will reportedly enable its customers to partially withdraw some of their Bitcoin and Ether holdings, starting from August 11. The company was one of t...
Crypto Exchange Zipmex Moves to Release Some BTC, ETH Holdings This Week
Shortly after resuming withdrawals for some altcoins, Asian crypto exchange Zipmex announced that it will be easing withdrawal amounts of Bitcoin and Ether later this week. The statement comes after t...
Embattled Crypto Exchange Zipmex Set To Relea…
Cryptocurrency exchange Zipmex will soon release Bitcoin and Ethereum tokens this week, allowing customers to retrieve their assets after it suspended withdrawals from its Z Wallet product. The move w...
Thai SEC approves four crypto firms despite Zipmex woes
Thailand’s financial regulator, the Securities and Exchange Commission (SEC), has approved four more crypto companies in the Kingdom. On Thursday, it was reported in local media that the SEC had grant...
Zipmex Resumes Some Z Wallet Withdrawals, Deny Bankruptcy Reports – crypto.news
A leading Asia pacific exchange, Zipmex, will resume previously halted withdrawals from Z wallets, and has denied false allegations about its bankruptcy made on 2nd July 2022. Furthermore, the company...
Despite Zipmex Dilemma, Thai SEC Approved 4 New Digital Asset Operators
Even though one of Thailand’s leading digital asset exchanges, Zipmex, suffered from Celsius Network and Babel Finance’s financial woes, the Securities and Exchange Commission (SEC) of Thailand has gr...
Zipmex resumes withdrawals for altcoins
Crypto exchange, Zipmex has resumed withdrawals for altcoins on its platform. According to an announcement made by the company today, Zipmex now allows withdrawal of altcoin after suspending it due to...
Zipmex Resuming Z Wallet Withdrawals—But Just for SOL, XRP, ADA
Zipmex is re-enabling withdrawals for 100% of user funds stored in its Z Wallet—but only for a select few altcoins. In a detailed statement released Tuesday, the South Asian cryptocurrency exchange sa...
Zipmex Sheds New Light on Battle With Babel
Cryptocurrency exchange Zipmex, which froze withdrawals on July 20, has shed new light on its battle with Babel as the firm desperately sought to recover £48 million dollars from the lender. The recen...
Crypto Exchange Zipmex Resumes Certain Altcoin Withdrawals
Crypto exchange Zipmex has now resumed withdrawals for a few altcoins apart from Bitcoin and Ethereum. So far, there are no updates about Bitcoin and Ethereum withdrawals. The halt in withdrawals on Z...
Bankrupt Crypto Exchange Zipmex Resumed Withdrawals from Its Z Wallets
As part of the recent unlocking, users can transfer the three altcoins – SOL, ADA, and XRP – from its Z wallet to the Trade wallets. On Tuesday, August 2, bankrupt crypto exchange Zipmex announced tha...
Zipmex Crypto Exchange Resumes Withdrawals for Altcoins, No Word on Bitcoin
Embattled Asian crypto exchange resumes withdrawals for some altcoins, though bitcoin and ether remain frozen. The exchange will progressively allow XRP, Solana (SOL), and ADA withdrawals from the Z W...
Zipmex Resumes Some Altcoin Withdrawals After Suspending Withdrawals in July
Mainstream tokens, including bitcoin and ether, remain locked, but all Solana (SOL) tokens will be credited to investors’ trading wallets, Zipmex’s official statement wrote on Tuesday. The...