Zipmex, which stopped cryptocurrency withdrawals at the end of July due to the financial crises it experienced, took 3 months from the Singapore Supreme Court to resolve its liquidity problems.
According to a report by Bloomberg, the Zipmex exchange, which has been struggling with liquidity problems since July and experiencing some user grievances, Singapore Supreme Court‘Why for 3 months He earned the right to “recovery time”. last week to the supreme court moratorium The Zipmex exchange, which applied for (the time period that ensures that its creditors cannot initiate legal proceedings against the debtor for a certain period of time), aimed to prevent possible creditor lawsuits for a while.
Stock market in total For 5 different sub-companies He asked for 6 months. These companies were known to include: Zipmex, Zipmex Asia, Zipmex Thailand, Zipmex Indonesia and Zipmex Australia, but the high court ruled against Zipmex. until 2 December He said he knew time.
Asian-based company experiencing similar financial crises as Zipmex vauld exchangeIn the same way, a 3-month moratorium decision was issued by the high court, despite asking for a 6-month time limit.
Zipmex Bora Announces It Will Open Withdrawals
Zipmex announced that it will gradually open cryptocurrency withdrawals in Z wallets to prevent user grievances. With this announcement by Zipmex, the cryptocurrency exchange operating in Singapore and Thailand, Ethereum on August 11 pulling operations, On August 16, Bitcoin It was stated that withdrawals would be opened.
In order to get rid of the crisis situation of the Zipmex stock market, negotiated with many companies and trying to provide liquidity known. In a recent announcement, the exchange stated, “Zipmex and its investors know that this process is time-critical, so they are putting all possible care and effort to bring a customer-focused solution.”