Thai Crypto Exchange Zipmex’s Bailout Stumbles as Investor Misses Payment

(Bloomberg) -- The rescue plan for embattled crypto exchange Zipmex is beginning to fray after the company failed to receive the most recent payment due under a $100 million venture capital buyout.Most Read from BloombergJack Dorsey’s Block Vows to Fight Back After Hindenburg Says It’s Short the StockUBS Sends Khan to Stem Credit Suisse’s Private Banker ExitsJack Dorsey’s Wealth Tumbles $526 Million After Hindenburg ShortUS Fears a War-Weary World May Embrace China’s Ukraine Peace BidCredit Suis

• 2023-03-24
• Bloomberg Bloomberg News Zipmex Technology Co. Zipmex Thoresen Thai Agencies Pcl

Crypto Exchange Zipmex to Restart Customer Withdrawals After Closing Takeover Deal

Zipmex, the South East Asian cryptocurrency exchange that found itself embroiled in a credit crunch last year, will re-open customer withdrawals this week.

• 2023-02-20
• credit crunch Zipmex cryptocurrency exchange venture capital firm South East Asian