The exchange, which serves businesses in Singapore and Asian countries, added on Sunday, July 24, 2022, that the party requested confidentiality to perform due diligence and review the company’s financials.
The exchange, supported by Marcus Lim and Akalarp Yimwilai in 2018, paused withdrawals on Th, July 21, 2022, citing unsure market conditions and saying ties to embattled crypto lenders astronomer and Babel Finance. additional investigations by the Thai Securities and Exchange Commission unconcealed that Zipmex had season Babel Finance $48 million and astronomer $5 million. each corporation fell victim to the crypto market downswing, with Babel Finance pausing withdrawals and astronomer filing for Chapter eleven bankruptcy.
Reuters conjointly rumored on Th that Zipmex was in talks with Babel Finance to resolve the beleaguered lender’s loan. It conjointly aforementioned it'd write off Celsius’s debt. the corporate is additionally considering action and restructuring.
Could capitalist be FTX?
The potential for a bailout was 1st unconcealed during a YouTube video wherever Yimwilai was seen in talks with potential investors. The video has since been deleted, however, the corporate confirmed via a tweet that negotiations were in progress.
It is unclear whether or not the possible capitalist is Bahamas-based FTX and its U.S. arm FTX U.S., which have absorbed or season cash to multiple crypto corporations hobbled by the present market downswing.
Reuters conjointly rumored on Th that Zipmex was in talks with Babel Finance to resolve the beleaguered lender’s loan. It conjointly aforementioned it'd write off Celsius’s debt. the corporate is additionally considering action and restructuring.
Could capitalist be FTX?
The potential for a bailout was 1st unconcealed during a YouTube video wherever Yimwilai was seen in talks with potential investors. The video has since been deleted, however, the corporate confirmed via a tweet that negotiations were in progress.
It is unclear whether or not the possible capitalist is Bahamas-based FTX and its U.S. arm FTX U.S., which have absorbed or season cash to multiple crypto corporations hobbled by the present market downswing.
Zip me is accredited by the Thai SEC to work as a digital-asset commercialism firm. It fixed up access to its Trade notecase on Friday, July 22, 2022.
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