Cryptocurrency News

Zipmex gets 3 month protection in Singapore amid halted withdrawals

08/16/2022

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2022.08.16 02:22

Zipmex gets 3 month protection in Singapore amid halted withdrawals

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 to give each of the five Zipmex entities a moratorium until Dec. 2, 2022 to come up with a restructuring plan, Bloomberg reported on Monday.

08/16/2022

Less than a minute

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