Zipmex Files for Bankruptcy Protection in Singapore
The beleaguered crypto exchange has filed applications in Singapore to seek protection against bankruptcy amidst the threat of legal action from creditors. Source
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Zipmex
Crypto Exchange Zipmex Receives Offer From Interested Party
Singapore-based cryptocurrency exchange Zipmex said it has received an offer from an interested party with due diligence processes able to commence. Source
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Thai SEC launches digital hotline for Zipmex users
In the aftermath of the Thai cryptocurrency exchange Zipmex stopping withdrawals last week, local financial regulators are stepping in to look into potential losses by investors.Thailand’s Securities and Exchange Commission (SEC) is taking action to collect all necessary information from investors on how they have been affected by issues on
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First Mover Americas: Bitcoin Nears $24K as Citi Sees Crypto Contagion in Past (Don't Tell Zipmex)
The latest price moves in bitcoin (BTC) and crypto markets in context for July 22, 2022. Source
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Zipmex resumes withdrawals for trade wallets
Cryptocurrency exchange Zipmex has resumed withdrawals from its trade wallet after two days, but said transfers, deposits and trade will continue to be disabled from its Z Wallet.In a Friday announcement, Zipmex said its Thailand-based users could make withdrawals from its trade wallet, with the function expected to be “re-enabled
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Zipmex Confirms Loans Worth $53M to Babel and Celsius
“Ever since the black swan events surrounding the crypto space, Zipmex has retrieved the majority of our funds and assets that were historically deposited with our deployment partners and have been actively working to resolve the situation for the remaining outstanding assets,” according to the statement. Source
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Thai SEC Asks Zipmex to Clarify Withdrawal Freeze
The Thai Securities and Exchange Commission (SEC) has sent a request to cryptocurrency exchange Zipmex to clarify the recent withdrawal freeze. Source
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Bitcoin Stalls as Contagion Hits Zipmex, Vauld. Will Ethereum’s Merge Fix This?
Godbole reported separately (yes, he was busy) that a Bank of America survey found investor pessimism – in traditional markets, not crypto – at dire levels. And that might be a contrarian indicator, which might be good for stocks, and thus good for bitcoin, since the assets have largely been
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Zipmex a Victim of Crypto Contagion as Concerns Grow Over Babel Loan: Sources
The backstory, according to an industry executive briefed on the matter by people with direct knowledge of the situation, is that a Singaporean arm of Zipmex faces a big loss on about $100 million of funds lent to the now beleaguered, Hong Kong-based Babel through a product called "ZipUp." Zipmex
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Crypto Exchange Zipmex Halts Withdrawals Citing Market Conditions, Financial Difficulties of Business Partners – Exchanges Bitcoin News
Cryptocurrency exchange Zipmex has halted withdrawals due to “volatile market conditions, and the resulting financial difficulties of our key business partners.” The exchange operates in Singapore, Australia, Indonesia, and Thailand. Zipmex Pauses Withdrawals Crypto exchange Zipmex, which operates in Singapore, Australia, Indonesia, and Thailand, has become the latest crypto company to halt
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