您现在的位置是:Southeast Asian crypto exchange Zipmex halts withdrawals >>正文
Southeast Asian crypto exchange Zipmex halts withdrawals
上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛292人已围观
简介Zipmex, a Thai-based crypto exchange, has halted withdrawals citing a combination of circumstances. ...
Zipmex, a Thai-based crypto exchange, has halted withdrawals citing a combination of circumstances. The Southeast Asian exchange has halted withdrawals until further notice.
A tweet by the exchange said:
“Due to a combination of circumstances beyond our control including volatile market conditions, and the resulting financial difficulties of our key business partners, to maintain the integrity of our platform, we would be pausing withdrawals until further notice.”
Failed acquisition by Coinbase
Prior to the halting of withdrawals, Cointelegraph had issued reports that Zipmex could be in trouble but the crypto exchange ended up dismissing that as just rumors. This came after a failed acquisition of Zipmex by Coinbase.
Responding to Cointelegraph, the CEO and co-founder of Zipmex, Marcus Lim, said:
“While Coinbase is an interesting partner, an investor makes more sense at this stage.”
Lim went ahead to explain the reason for the failed acquisition saying:
“The acquisition fell through due to market conditions. They’ve pulled out in many countries around the world such as Turkey and in Latin America. Coinbase is a great strategic partner to the business.”
Coinbase had made an offer to acquire Zipmex in the first quarter of 2022 but the acquisition plan fell on June 9. However, Coinbase went ahead to make a strategic investment into the Thai-based crypto exchange.
Other than halting withdrawals, there are reports that Zipmex is planning for a Series B+ that could value it at $400 million.
By August 2021, Zipmex had reached a 200,000 user base with over $1 billion in gross transaction volume since it was launched in 2019.
Zipmex troubles
According to sources some funds, about $100 million from Zipmex were given to Hong Kong-based asset manager Babel Finance with the aim of generating yield. However, there is a risk of default since Babel halted withdrawals in June due to unusual liquidity pressures resulting from the crypto market meltdown and hasn’t resumed the withdrawals.
Though not confirmed, there are fears that Zipmex could go the way of Celsius, which has already filed for bankruptcy seeking financial restructuring.
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“上海品茶网 - 夜上海最新论坛社区 - 上海千花论坛”。http://www.jz08.com.cn/news/26471.html
相关文章
Stars Arena hacked as Memeinator token sale gains strength
Southeast Asian crypto exchange Zipmex halts withdrawalsSocialFi is becoming a fast-growing industry in the crypto sector.Stars Arena announced a major hack...
阅读更多
Lockheed Martin: US grants $33.7 million to advance nuclear spacecraft
Southeast Asian crypto exchange Zipmex halts withdrawalsBy subscribing, you agree to our Terms of Use and Policies You may unsubscribe at any time.Lockheed...
阅读更多
DAD Chain rallies by 116%: where to buy DAD
Southeast Asian crypto exchange Zipmex halts withdrawalsDAD Chain’s mission is to decentralise advertising using blockchain techSingaporean crypto pro...
阅读更多
热门文章
- The Federal Reserve Bank Considering CBDC to Modernise the Payment Sector
- Coinbase expands futures trading services globally
- Grayscale boosts crypto investment with $300 million addition
- Melanoma Treatment Soap: 14 year old invents cancer fighting soap
- Study Finds That 63% Of Bitcoin’s Supply Is Inactive
- Where to buy PlayDapp crypto: PLA coin price up 150%
最新文章
World's tallest, longest & fastest rollercoaster to debut in Saudi Arabia
Scientists make perovskite solar cells perform in high temperatures
The best places to buy Jasmy coin: JASMY crypto is up 125% today
China soars Starlink
Huobi burned $48.6M of Huobi Tokens in June
New Zealand starts CBDC consultation