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Thailand SEC Sues Ex-Zipmex CEO For Alleged Fraud, False Statements
Thursday, February 8, 2024 - 11:16am | 501Thailand's Securities and Exchange Commission (SEC) has initiated legal proceedings against Ekkalarp Yimwilai, the former director and CEO of cryptocurrency exchange Zipmex Thailand, for allegedly making false statements and concealing information crucial to the public. What Happened: The...
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Debt-Saddled Zipmex Looks To Restructure, Irks Creditors With Compensation Offer
Wednesday, November 29, 2023 - 2:56pm | 335Cryptocurrency platform Zipmex is offering to compensate its creditors as part of its recent restructuring effort. As for what the compensation rate will be remains uncertain. What Happened: The Singapore-based company is proposing 3.35 cents per dollar, but the rate might increase to 29.35 cents...
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Zipmex Crypto Exchange Asks For Creditor Protection Extension Amid Takeover Talks
Friday, November 18, 2022 - 1:26pm | 211Zipmex, a crypto exchange that has long been struggling to keep up in this bear market, has requested an extension of credit protection amid negotiations for a possible takeover, reports Coindesk. Singapore’s High Court granted Asian crypto exchange Zipmex Pte, Zipmex more than three months...
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Investors Ask Asian Crypto Exchange's CEO To Step Down, Bankrupt Exchange In Potential Fundraising Talks
Monday, August 15, 2022 - 7:42am | 316Bloomberg reported that Singapore's High Court granted Asian crypto exchange Zipmex Pte, Zipmex more than three months of creditor protection until December 2. The company filed for bankruptcy protection in July and capped withdrawals last month after exposure to troubled...
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Crypto Exchange Zipmex To Resume Withdrawals
Thursday, July 21, 2022 - 5:33pm | 364Singapore-headquartered crypto exchange Zipmex said on Thursday it was exploring all possible options to resume customer withdrawals, a day after it froze all client funds. The exchange, having operations in Singapore, Australia, Indonesia and Thailand said, “Zipmex is...
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Coinbase Invests In Cryptocurrency Exchange Zipmex As Opposed To Outright Acquisition
Thursday, June 9, 2022 - 11:21am | 229Coinbase (NASDAQ: COIN) is backing Zipmex, a cryptocurrency exchange based in South East Asia. The strategic investment values Zipmex at $400 million. What Happened: According to The Block, Coinbase was considering an outright acquisition at first. Instead, it took part in Zipmex’s...