{"id":66334,"date":"2022-08-26T12:56:07","date_gmt":"2022-08-26T09:56:07","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=66334"},"modified":"2025-09-07T00:46:57","modified_gmt":"2025-09-06T21:46:57","slug":"zipmex-asks-thai-regulators-to-discuss-its-restructuring","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/zipmex-asks-thai-regulators-to-discuss-its-restructuring\/","title":{"rendered":"Zipmex asks Thai regulators to discuss its restructuring"},"content":{"rendered":"<p>Thai cryptocurrency exchange Zipmex has sent a request to the <span data-descr=\"Securities and Exchange Commission of Thailand\" class=\"old_tooltip\">SEC<\/span> and other regulators in the country to discuss a &#8216;recovery plan&#8217;. Potential investors will also participate in the meeting on September 15, Bloomberg reports.<\/p>\n<p>The firm said it is at an &#8216;advanced stage&#8217; with two bidders for its assets after signing three letters of intent in July.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cInvestors highly regard our potential and share our vision and mission for developing the digital economy in Thailand and Southeast Asia,\u201d<\/em> the company said.<\/p>\n<\/blockquote>\n<p>According to Cointelegraph, the platform could be valued at $400 million.<\/p>\n<p>In August 2021 Zipmex raised $41 million. The funds were provided by Bank of Ayudhya, the country\u2019s fifth-largest bank by assets, along with media companies and venture funds.<\/p>\n<p>On August 25 the exchange announced the re-enabled transfers of the native token ZMT between the <a href=\"https:\/\/zipmex.com\/id\/en\/support\/wallet\/what-is-trade-wallet-id\">Trade Wallet<\/a> and the <a href=\"https:\/\/zipmex.com\/id\/en\/support\/wallet\/what-is-z-wallet-id\/\">Z Wallet<\/a>. The option is available via the website; a mobile application version will follow.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udccc Zipmex has re-enabled transfers from your Z Wallet to Trade Wallet for <a href=\"https:\/\/twitter.com\/hashtag\/ZMT?src=hash&#038;ref_src=twsrc%5Etfw\">#ZMT<\/a>. You\u2019ll now be able to access your available ZMT by transferring the tokens across wallets on the Zipmex website <a href=\"https:\/\/t.co\/Uxk0qZkGBp\">https:\/\/t.co\/Uxk0qZkGBp<\/a> <\/p>\n<p>More Info \ud83d\udc49 <a href=\"https:\/\/t.co\/La4nW15EKx\">https:\/\/t.co\/La4nW15EKx<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/Zipmex?src=hash&#038;ref_src=twsrc%5Etfw\">#Zipmex<\/a> <a href=\"https:\/\/twitter.com\/hashtag\/ZipmexAsia?src=hash&#038;ref_src=twsrc%5Etfw\">#ZipmexAsia<\/a> <a href=\"https:\/\/t.co\/K4SQ096MZi\">pic.twitter.com\/K4SQ096MZi<\/a><\/p>\n<p>\u2014 ZIPMEX (@zipmex) <a href=\"https:\/\/twitter.com\/zipmex\/status\/1562823631230889986?ref_src=twsrc%5Etfw\">August 25, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Zipmex faced liquidity shortages after problems at its partners \u2014 Babel Finance and Celsius Network. Their obligations stood at $5 million and $48 million respectively.<\/p>\n<p>On July 20 the company suspended withdrawals, citing &#8216;volatile market conditions and the resulting financial difficulties of key business partners&#8217;.<\/p>\n<p>A few days later Zipmex partially resumed deposits and withdrawals.<\/p>\n<p>On August 15 the platform secured an extension of the moratorium on creditor protection until December 2.<\/p>\n<p>Read ForkLog&#8217;s bitcoin news in our Telegram \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Thai cryptocurrency exchange Zipmex has sent a request to the SEC and other regulators in the country to discuss a &#8216;recovery plan&#8217;. Potential investors will also participate in the meeting on September 15, Bloomberg reports.<\/p>\n","protected":false},"author":1,"featured_media":66335,"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":[83,1355],"class_list":["post-66334","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-business","tag-zipmex"],"aioseo_notices":[],"amp_enabled":true,"views":"13","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/66334","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=66334"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/66334\/revisions"}],"predecessor-version":[{"id":66336,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/66334\/revisions\/66336"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/66335"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=66334"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=66334"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=66334"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}