Tag "Zipmex"

Financial Woes Lead Zipmex to Move Towards Voluntary Liquidation

Singapore-based cryptocurrency exchange Zipmex is set to wind up its operations, having appointed Ellyn Tan Huixian from Mazars Consulting as its provisional liquidator, according to documents filed with Singapore’s Accounting and Corporate Regulatory Authority (ACRA). The filing, dated 29 April

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Thailand’s SEC Proposes to Revoke Crypto Exchange Zipmex’s License

The Securities and Exchange Commission Board (SEC Board) of Thailand has recommended the Minister of Finance to consider the revocation of the digital asset business license of crypto exchange Zipmex. This recommendation comes after a thorough evaluation of Zipmex’s operations,

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Zipmex Halts Trading in Thailand Amidst SEC Probe

Cryptocurrency exchange Zipmex has initiated a temporary suspension in the trading and depositing of all types of assets from 25 November 2023, at 1:00 PM following a probe by the Thailand’s Securities and Exchange Commission (SEC). During the suspension period,

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Zipmex Allows for Altcoin Withdrawals, Sheds Light on Babel Situation

Singapore-based cryptocurrency exchange Zipmex announced that it will release unaffected digital assets Cardano’s ADA, Solana (SOL) and Ripple’s XRP into its users’ Trade Wallet from 2 August onwards. Tokens in Z Wallet will be debited and the corresponding amount will

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Zipmex Files Moratoria for All Its Entities to Buy Time for Debt Restructuring

Singapore-based cryptocurrency exchange Zipmex announced that it has filed for for moratoria for all its entities under Section 64 of Singapore’s Insolvency, Restructuring and Dissolution Act 2018 to buy some time to restructure its debts. The entities that have sought

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Zipmex Resumes Withdrawals, Writes off Celsius’ US$5 Million Loan

Singapore-based cryptocurrency exchange Zipmex announced that it will resume trade wallet withdrawals for its global and Singapore users. The firm added that it is working on reenabling the withdrawal functionality to all users who have assets in their Z-wallet (subscribers

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Singapore-Based Crypto Exchange Zipmex Halts Withdrawals Due to Market Conditions

Singapore-based cryptocurrency exchange Zipmex announced that it will be pausing withdrawals on its platform until further notice. Zipmex, which operates in Singapore, Australia, Indonesia, and Thailand, has joined the likes of Vauld to halt withdrawals during this crypto downturn. On

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Digital Assets Platform Zipmex Raises US$41 Million Led by Bank of Ayudha’s VC Arm

Zipmex, a Singaporean digital assets platform, has raised US$41 million in its Series B funding round where Bank of Ayudhya’s venture capital arm Krungsri Finnovate was a lead investor. The fundraise was also joined by Plan B Media Public Company

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