Zipmex – an Asian cryptocurrency exchange froze some of its withdrawals in mid-July seeking to raise 50 Million USD to repair its balance sheet. One of the spokespeople mentioned in an interview the targeted fundraising amount.
Asian Crypto Lender Zipmex Meets Thai Regulators
The Asian crypto lender was in discussions to sell a part or all of itself amid lending money to bankrupt crypto lenders Babel and Celsius. Presently, Zipmex has requested a meeting with Thailand’s Securities and Exchange Commission (SEC). The company has invited potential investors and other regulators to discuss the company’s ‘recovery plan’.
Zipmex is rigorously working on the fund-raising plan. Prior to that, the crypto lender made a wise move to file protection from creditors. The company also plans to bring in potential investors and regulators from different geographies.
In a recent statement from Zipmex the company requested meetings with various securities regulators and also requested several potential investors:
“We have requested meetings with Thailand’s Securities Exchange Commission and …