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Based on a brand new press release on Feb. 15, Thai cryptocurrency alternate Zipmex said that it despatched a brand new scheme to all agency’s eligible collectors by means of its scheme supervisor KordaMentha. As advised by Zipmex, the collectors have till Feb. 21, 2023 to vote on the scheme and “will obtain 100% of their digital property within the Z Pockets” if the scheme is accredited and the cryptocurrency closes its pending funding deal.
Final July, Zipmex filed for debt relief in Singapore after its counter-party and crypto lending agency Babel Finance halted withdrawals, citing “uncommon liquidity pressures.” The alternate was additionally impacted by the chapter of crypto lending agency Celsius. Collectively, the 2 counterparties owe Zipmex $48 million and $5 million, respectively.
Zipmex subsequently paused withdrawals on its platform after the revelations final July. Nevertheless, withdrawals had been resumed inside two days for its fiat foreign money and buying and selling funds service Commerce Pockets. That stated, the agency’s Z Pockets, used for Zipmex providers and receipt of earnings and bonuses, stays within the debt moratorium state with gradual resumption of withdrawals.
Cointelegraph beforehand reported on Dec. 2, 2022, Thai Enterprise Capital V Ventures will acquire Zipmex for $100 million in money and crypto. Based on courtroom paperwork, Zipmex plans to make use of cryptocurrency property obtained from the transaction to unlock frozen buyer accounts on the alternate by April 2023. Subsequent to the event, on Jan. 11, 2023, the Securities and Alternate Fee of Thailand started a brand new probe of Zipmex, alleging a breach of native guidelines. The regulatory company has additionally warned buyers to fastidiously evaluation paperwork issued by the corporate earlier than making a deal.
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