Crypto platform Zipmex files for bankruptcy protection in Singapore

[snoop1130]

Representations of cryptocurrencies in this illustration taken, January 24, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

 

July 29 (Reuters) – Southeast Asia-focused cryptocurrency exchange Zipmex said it had filed for bankruptcy protection in Singapore, becoming the latest victim of the global downturn in digital currencies.

 

Singapore-based Zipmex resumed withdrawals last week, a day after suspending them on July 20, and said it was working to address its exposure of $53 million to crypto lenders Babel Finance and Celsius.

 

Zipmex’s solicitors submitted five applications on July 22 seeking moratoriums to prohibit legal proceedings against Zipmex for up to six months, the cryptocurrency exchange said on Wednesday.

 

Full Story: https://www.thaipbsworld.com/crypto-platform-zipmex-files-for-bankruptcy-protection-in-singapore/

 

-- © Copyright Thai PBS 2022-07-29

 

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[Excel]

well well who would have thought it ????

[JeffersLos]

5 hours ago, snoop1130 said:

cryptocurrency exchange Zipmex said it had filed for bankruptcy protection

Can buy it on the dip?

[gargamon]

And another one's gone

And another one's gone

And another one bites the dust

 

You know the tune, at least hum along