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Thailand Tightens Crypto Advertising Rules after Crypto Zipmex Bankrupted

Thailand Tightens Crypto Advertising Rules after Crypto Zipmex Bankrupted

Thailand has announced new measures to regulate cryptocurrency advertising in order to protect investors from being misled into buying risky crypto products.

Thai Regulator Files Charges Against Zipmex Executives

Thai Regulator Files Charges Against Zipmex Executives

The Thailand offshoot of the beleaguered digital assets platform Zipmex might have landed itself in more trouble and this time, it is with the Thai Securities and Exchange Commission (SEC).

Indonesia to Update Govt Rules for Crypto, Implement More local Control

Indonesia to Update Govt Rules for Crypto, Implement More local Control

The South Asian country's trade ministry is planning to issue rules to govern crypto exchanges that will require two-thirds of the board of directors and commissioners to be Indonesian citizens and live in Indonesia.

Thai SEC Bars Crypto Staking & Lender Services after Zipmex’s Bankruptcy

Thai SEC Bars Crypto Staking & Lender Services after Zipmex’s Bankruptcy

Thai regulator has banned digital asset operators from offering crypto depository services that pay returns to depositors to protect traders and the public from service providers’ business risks.

ZipmexX Suspends Withdrawals, Citing Celsius and Babel Risk Exposure

ZipmexX Suspends Withdrawals, Citing Celsius and Babel Risk Exposure

Asia's leading digital asset exchange ZipmexX has suspended users' cryptocurrency withdrawals, citing the move as the exchange's assets could be swallowed up by the financial crisis facing the Celsius Network and cryptocurrency lender Babel Finance.

Zipmex Misses Buyout Payment

Zipmex Misses Buyout Payment

Cryptocurrency exchange Zipmex has missed the latest payment under its buyout agreement with venture capital firm V Venture. Without the $1.25 million payment, the Singapore-based exchange warned it may have to begin liquidating one of its units and suspend payroll.

Bankrupt Crypto Exchange Zipmex ‘In Advanced Takeover Talks' with V Ventures

Bankrupt Crypto Exchange Zipmex ‘In Advanced Takeover Talks' with V Ventures

A potential buyer is reportedly close to agreeing on a deal to take over Zipmex.

Zipmex Appoints Restructuring Firm Kordamentha To Work on Recovery Plan

Zipmex Appoints Restructuring Firm Kordamentha To Work on Recovery Plan

Zipmex said it has appointed restructuring specialist as its financial advisor. KordaMentha is expected to help Zipmex establish a restructuring process.

Zipmex Requests Moratorium Extension in Singapore

Zipmex Requests Moratorium Extension in Singapore

Cryptocurrency exchange Zipmex has requested an extension of its moratorium on debt in Singapore due to liquidity issues. The company plans to use the extra time to reopen withdrawals on its Z Wallet platform.

Crypto Lender Struggles Extended Creditor Protection For Vauld

Crypto Lender Struggles Extended Creditor Protection For Vauld

Singapore gave Vauld another creditor protection term. The corporation needs a resurrection strategy by Feb. 28. Due to market circumstances, the site stopped 800,000 user withdrawals in July 2022. It received a three-month liquidity moratorium in August 2022.

Zipmex's Woes May Soon be Over, But Here is the Catch

Zipmex's Woes May Soon be Over, But Here is the Catch

Sources citing an email sent by Mahagitsiri’s representatives indicate that Zipmex’s co-founder and Chief Executive Officer, Marcus Lim, demand to forfeit 100% of his holdings in the company.

Coinbase To Invest in Singapore’s Zipmex following Acquisition Talks

Coinbase To Invest in Singapore’s Zipmex following Acquisition Talks

Coinbase discussed acquisition deals with Zipmex. After negotiations, the two firms have agreed on strategic investments.

Crypto Exchange Zipmex Granted 3-Month Protection from Singapore Court against Creditors

Crypto Exchange Zipmex Granted 3-Month Protection from Singapore Court against Creditors

Zipmex, Asia's leading digital asset exchange, said it had won creditor protection from the Singapore High Court for more than three months, gaining time to address liquidity issues.

Hodlnaut Applies for Court Protection amid Liquidity Crises

Hodlnaut Applies for Court Protection amid Liquidity Crises

Hodlnaut, a Singapore-based digital currency lending platform, has joined its counterparts in seeking out the protection of the courts with its recent application for Judicial Management.

Zipmex Files for Bankruptcy Protection, Seeking Moratoriums from Third Party Creditors

Zipmex Files for Bankruptcy Protection, Seeking Moratoriums from Third Party Creditors

Singapore-based crypto trading platform Zipmex has filed a moratorium for seeking bankruptcy protection from the local court. Some of its core activities have been suspended.

Crypto Exchange ZipmexX Resumes Withdrawals for Trade Wallet

Crypto Exchange ZipmexX Resumes Withdrawals for Trade Wallet

ZipmexX, Asia's leading digital asset exchange, said in an announcement Friday that it has resumed withdrawals on Trade Wallet in Thailand, and said it will resume withdrawals in other countries tonight.

In Talks with "Interested Parties" for Bailout, Says Zipmex

In Talks with "Interested Parties" for Bailout, Says Zipmex

Zipmex cryptocurrency trading platform is looking ahead as it has confirmed that it is in talks with interested parties who would like to bail out the platform from its recently identified woes.

Zipmex Resumes Some Altcoin Withdrawals After Suspending Withdrawals in July

Zipmex Resumes Some Altcoin Withdrawals After Suspending Withdrawals in July

Mainstream tokens, including bitcoin and ether, remain locked, but all Solana (SOL) tokens will be credited to investors' trading wallets, Zipmex's official statement wrote on Tuesday.

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