Zipmex Negotiates With V Venture About Selling Most Of The Company's Shares
Zipmex is on track to sign a majority buyout agreement this week, according to an e-mail sent to Bloomberg News on Wednesday, the name of the buyer was undisclosed.
According to the persons who wanted not to be identified because they were talking secret information, it is in negotiations with venture capital fund V Ventures, a subsidiary of Thoresen Thai Agencies.
The exchange, which provided crypto trading and investing services in Thailand, Indonesia, Singapore, and Australia, halted withdrawals when Babel Finance and Celsius Network failed to repay $53 million in loans during a crypto industry crisis.
After filing for bankruptcy protection in July, Zipmex hired a restructuring consultancy to help with a recovery plan in August.
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