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Zipmex Restructuring Plan Offers Creditors 3.35 Cents on the Dollar: Report

The figure could rise to as high as 29.35 cents on the dollar depending on recoveries in relation to its debt restructuring plan. The proposals have been pushed back by major creditors, who have requested a review of Zipmex's assets and liabilities, Bloomberg reported. The Singapore-based exchange has $97.1 million

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Zipmex Rescue Investor Reneges on 100% Creditor Payoff Commitment Now Offering 10 to 20 Cents on Dollar

The Zipmex rescue deal was threatened after the investor backtracked on its earlier promise to repay creditors fully.  Amid plans to rescue embattled crypto exchange Zipmex from insolvency, the investor has reportedly reneged on its promised 100% payment. According to reports, Zipmex’s rescue investor now seeks to pay only 10 to 20 cents

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