Cryptocurrency exchange Zipmex, which has stopped withdrawals due to financial crises, is allegedly about to sign a $100 million bailout. If the deal is completed, 90% of the stock will change hands.
In the news quoted by Bloomberg, Zipmex and venture capital fund V Ventures Details of a rescue package that is about to be signed between In the information conveyed by the sources, it is stated that the agreement in question Friday It was stated that it could be signed but the negotiations are still continuing.
Zipmex offers crypto trading and investment services in Thailand, Indonesia, Singapore and Australia. Babel Finance and Celsius NetworkDuring the bear season in the crypto industry loans of $53 million He froze withdrawals after he failed to pay back. Zipmex appealed to the Singapore Supreme Court to resolve its liquidity issues. 3 month period had received. time allowed by the court December 2It ends at .
This rescue plan information leaked from the Zipmex front, one month before the end of the moratorium, seems to be part of the company’s recovery plan. worth 100 million The alleged agreement was made by the shares of Zipmex. 90% of It means it will be sold to V Ventures.
There are conditions that must be accepted by V Ventures in order to sign the agreement. One of the most important of these is the founding partners. Marcus Lim and Achalarp Yimwilai chief marketing officer with Proud Limpongpan‘s acceptance of personal warranties to recover any damages V Ventures may incur.