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Cryptocurrency News

Zipmex gets 3-month protection in Singapore amid halted withdrawals

08/17/2022

Less than a minute

2022.08.17 01:21

Cryptocurrency exchange Zipmex has gotten a chance to sort out liquidity issues as a court in Singapore has granted the firm with more than three months of creditor protection.

Singapore’s High Court has ruled that each of the five Zipmex entities has a moratorium until Dec. 2, 2022, to come up with a restructuring plan, Bloomberg reported on Monday.

Source

08/17/2022

Less than a minute