The total acquisition funds of $100 million are expected to acquire around 90% of Zipmex, declining to be identified due to the privacy of the buyer. According to the court hearing, withdrawals were halted following a crypto rout and would be gradually resumed by early April using the cryptocurrency obtained from the sale.
Given the “current sensitivities,” Zipmex spokesperson declined to comment while an email asking for feedback received no response from V Ventures. When contacted by phone to inquire about if the company has signed an agreement to acquire Zipmex, Chalermchai Mahagitsiri, a general partner at V Ventures, denied commenting.
Zipmex is an Asia-leading digital assets exchange platform operating in Singapore, Thailand, Indonesia, and Australia. In July, the firm filed for bankruptcy protection, citing liquidity issues. After being granted protection from creditors in Singapore in August, it had been undergoing restructuring.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Thana
Coincu News
Bitfinex data leak allegedly by FSOCIETY includes 2.5TB of exchange data and 400K users' details.…
According to Parsec, Friend Tech v2's launch disappointed many, with 95% users unable to claim…
The legal debate over Ethereum classification intensifies as Consensys sues SEC for regulatory overreach.
Bitcoin ETF inflow witnessed a significant surge on May 3, signaling a potential shift in…
Friend.tech V2 was unveiled with the airdrop of FRIEND tokens and the Money Club feature.
Grayscale spot Bitcoin ETF sees its first daily increase since January, with a net inflow…
This website uses cookies.