Jump to content
Login with your Gmail HERE and start posting in seconds! ×

zipmex situation

akda

By akda
in Cryptocurrency News

 Share

Recommended Posts

  • Popular Post
akda Explorer Member

akda

Posted
  • Popular Post
Posted


Extracting this part from Zipmex email about pausing withdrawals 

 

The SEC has been informed and is aware of our movements, as well as our investors.
I’d also like to take this opportunity to remind users that we are a regulated digital asset exchange in Thailand, and as such, we have to fulfill certain requirements with regards to this.


How safe our funds are with Zipmex in case things go other way? How much protection does Thai Laws provide?

What are the power and limitations of SEC in this regard?

  • Haha 5
akda Explorer Member

akda

Posted
  • Author
Posted
1 hour ago, FritsSikkink said:

Do you think the government / tax payer will bail you out?

 

We have SEC for some purpose, right?

 

Mine amount is not that big, just trying to understand the rules.

 

Lemsta69 Platinum Member

Lemsta69

Posted
Posted
2 hours ago, FritsSikkink said:

Do you think the government / tax payer will bail you out?

in other words you have no idea how to answer the OPs questions.

  • Like 2
userabcd Gold Member

userabcd

Posted
Posted
45 minutes ago, akda said:

 

We have SEC for some purpose, right?

 

Mine amount is not that big, just trying to understand the rules.

 

"How safe our funds are with Zipmex in case things go other way? How much protection does Thai Laws provide?

What are the power and limitations of SEC in this regard?"

 

Why are these questions being asked now? Due diligence before investing is wise.

 

If your crypto is stored on zipmex and they have frozen withdrawals then afraid you will probably have to wait for legal proceedings to evolve or when Zipmex allow withdrawals again, who knows how long that will take, maybe you should be asking Zipmex help center.

  • Popular Post
Lemsta69 Platinum Member

Lemsta69

Posted
  • Popular Post
Posted
34 minutes ago, akda said:

 

We have SEC for some purpose, right?

 

Mine amount is not that big, just trying to understand the rules.

 

from what I understand Zipmex trusted other parties with users assets. if those third-parties have lost the funds in risky trades/loans then that's is, the money's gone and can't be recovered. 

 

tbh I don't know the answer to what powers the Thai SEC has in these matters but I'm pretty sure that recovering lost funds isn't one of them. 

 

they might be able to prosecute the Zipmex execs for breach of regulations but that won't get users their money back. 

  • Like 3
akda Explorer Member

akda

Posted
  • Author
Posted
1 hour ago, userabcd said:

"How safe our funds are with Zipmex in case things go other way? How much protection does Thai Laws provide?

What are the power and limitations of SEC in this regard?"

 

Why are these questions being asked now? Due diligence before investing is wise.

 

If your crypto is stored on zipmex and they have frozen withdrawals then afraid you will probably have to wait for legal proceedings to evolve or when Zipmex allow withdrawals again, who knows how long that will take, maybe you should be asking Zipmex help center.

well this forum is to ask question. nothing wrong in asking.

 

Also a crypto investor knows the risk and they are willing to take it. We know "Invest only what we can afford to lose".

  • Like 2
Lemsta69 Platinum Member

Lemsta69

Posted
Posted

@akda Zipmex are sending out  emails but I'm not getting them. here's an extract of the latest one that, I got this from a private Telegram group I'm in...

 

IMG_20220722_130143_106.jpg

akda Explorer Member

akda

Posted
  • Author
Posted
1 hour ago, Lemsta69 said:

just go away dude, you're contributing nothing to either this discussion or any other post for that matter.

agree, why is he even following the crypto thread.

 

@Lemsta69I got the email you posted above.

 

As I see situation is not that bad, and users are not locked out of fund like Celsius or Vauld.

I had nothing in ZipUp+ so bit safe. I never trust these lending platforms as I do swing trading.

With Zipmex I have received fiat in my bank account.

Also I have withdrawal all of my crypto to a wallet. To be on safer side. I will be moving to bitkub for time being.

Lemsta69 Platinum Member

Lemsta69

Posted
Posted
1 hour ago, akda said:

agree, why is he even following the crypto thread.

 

@Lemsta69I got the email you posted above.

 

As I see situation is not that bad, and users are not locked out of fund like Celsius or Vauld.

I had nothing in ZipUp+ so bit safe. I never trust these lending platforms as I do swing trading.

With Zipmex I have received fiat in my bank account.

Also I have withdrawal all of my crypto to a wallet. To be on safer side. I will be moving to bitkub for time being.

that's good to hear that you had limited exposure to zipup. but even if you did, at least you tried something different instead of living the same fixed-pension day of 20 baht noodles and a small beer Chaaaang ????

 

ps. I put all the haters on ignore and only see their posts if someone is silly enough to respond to the nattering nabobs of negativity.

 

aseannow.com/ignore

  • Like 1
  • 1 year later...
jesimps Gold Member

jesimps

Posted
Posted
On 7/22/2022 at 1:08 PM, Lemsta69 said:

just go away dude, you're contributing nothing to either this discussion or any other post for that matter.

If you read enough posts from this guy, you'll learn to ignore him.

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share
Go to topic listing

  • Recently Browsing   0 members

    • No registered users viewing this page.






ASEANNOW

ASEANNOW (formerly Thai Visa) Thailand's oldest and most popular forum for expats and foreigners.

Sign up today and have your say

MORE INFO

POPULAR AREAS

CONTACT US

219/59 Asoke Towers, 15th Floor, Soi Sukhumvit 21, Watthana, Bangkok 10110
(+66) 99 196 1100
[email protected]

×
×
  • Create New...