{"id":65822,"date":"2022-08-15T13:43:08","date_gmt":"2022-08-15T10:43:08","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=65822"},"modified":"2025-09-06T22:06:46","modified_gmt":"2025-09-06T19:06:46","slug":"zipmex-secures-three-month-extension-to-creditor-protection-moratorium","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/zipmex-secures-three-month-extension-to-creditor-protection-moratorium\/","title":{"rendered":"Zipmex secures three-month extension to creditor protection moratorium"},"content":{"rendered":"<p>Thailand-based cryptocurrency exchange Zipmex said that a Singapore court granted its request for creditor protection for three months, until 2 December. <a href=\"https:\/\/www.theblock.co\/post\/163503\/zipmex-three-month-moratorium-extension\"> The Block<\/a>.<\/p>\n<p>The company had sought approval for six months. The decision covers Zipmex, Zipmex Asia, Zipmex Thailand, Zipmex Indonesia, and Zipmex Australia.<\/p>\n<p>Earlier, a Singapore court delivered a similar verdict on <a href=\"https:\/\/forklog.news\/vauld-dobilas-vremennoj-zashhity-ot-kreditorov\/\">the Vauld crypto-lending platform&#8217;s application<\/a>.<\/p>\n<p>As previously reported, Zipmex faced liquidity issues after problems at its partners \u2014 <a href=\"https:\/\/forklog.news\/babel-finance-priostanovil-vyplaty-i-vyvod-sredstv\/\">Babel Finance<\/a> and <a href=\"https:\/\/forklog.news\/celsius-podala-zayavlenie-o-bankrotstve\/\">Celsius Network<\/a>. Their obligations amount to <a href=\"https:\/\/forklog.news\/v-zipmex-rasskazali-o-peregovorah-po-spaseniyu-biznesa-kompanii\/\">$5 \u043c\u043b\u043d \u0438 $48 \u043c\u043b\u043d<\/a> respectively.<\/p>\n<p>On July 20, the company <a href=\"https:\/\/forklog.news\/bitkoin-birzha-zipmex-priostanovila-vyvod-sredstv-iz-za-stecheniya-obstoyatelstv\/\">paused withdrawals<\/a>, citing &#8220;unstable market conditions and the resulting financial difficulties of key business partners&#8221;.<\/p>\n<p>Zipmex <a href=\"https:\/\/forklog.com\/en\/news\/zipmex-cryptocurrency-exchange-partially-resumes-withdrawals\">partially resumed<\/a> deposits and withdrawals.<\/p>\n<p>The platform is weighing several recovery options, including raising capital, pursuing litigation, and restructuring.<\/p>\n<p>Follow ForkLog&#8217;s bitcoin news on our <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">Telegram<\/a> \u2014 crypto news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Thailand-based cryptocurrency exchange Zipmex said that a Singapore court granted its request for creditor protection for three months, until 2 December. The Block reports.<\/p>\n","protected":false},"author":1,"featured_media":65823,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[83,1162,1355],"class_list":["post-65822","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-business","tag-court-cases","tag-zipmex"],"aioseo_notices":[],"amp_enabled":true,"views":"9","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/65822","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=65822"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/65822\/revisions"}],"predecessor-version":[{"id":65824,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/65822\/revisions\/65824"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/65823"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=65822"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=65822"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=65822"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}