Zipmex Reopens Z Wallet Withdrawals, Says Debt Moment Is Not Bankruptcy

Zipmex, a crypto exchange that operates in Thailand, Indonesia, Singapore, and Australia. has released a statement this week. by refusing reports that The company filed for bankruptcy. And announced the progress of reopening withdrawals from Z Wallets again.

Zipmex customers can withdraw Solana (SOL) from their wallet. And XRP will be available for withdrawal on Thursday and Cardano (ADA) on August 9.

Zipmex provides its clients with two wallets: Z Wallet, which is used for the Zipmex service and receives income and bonuses, and Trade Wallet, which is used to store currency and funds for trading. Zipmex stopped all withdrawals from the platform on the 20th. July and resumed withdrawals from Trade Wallets two days later.

Right now, altcoins in Z Wallets will be transferred to Trade Wallets, leaving only Bitcoin (BTC), Ether (ETH) and stablecoins still in Z Wallets. “Started releasing some tokens. [BTC, ETH และ stablecoins] into the client’s Trade Wallet since mid-August.”

Zipmex also took the opportunity to clarify the latest legal action. by informing the public thathas filed an application for a moratorium on debt in Singapore In the process, Zipmex creditors will be able to submit documents to court until August 5, with Zipmex Singapore delivering the documents a week later. so that the court can begin considering the moratorium on August 15

Zipmex added, It is working with Babel Finance on Zipmex’s funding return. “Memorandum of Understanding (MOU) with two investors” and receiving additional investment from current shareholders by the largest investorsis B Capital, a Singapore-US venture capital firm, followed by US Jump Capital and Hong Kong-based Mindworks Ventures.

refer : LINK

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