{"id":76134,"date":"2023-03-24T13:26:32","date_gmt":"2023-03-24T11:26:32","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=76134"},"modified":"2025-09-10T15:36:44","modified_gmt":"2025-09-10T12:36:44","slug":"zipmex-warns-of-possible-liquidation-as-zmt-tumbles","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/zipmex-warns-of-possible-liquidation-as-zmt-tumbles\/","title":{"rendered":"Zipmex warns of possible liquidation as ZMT tumbles"},"content":{"rendered":"

The venture firm V Ventures missed a tranche payment to the Thai cryptocurrency exchange Zipmex, potentially exposing the latter to liquidation. The Block<\/a> reports.<\/p>\n

Co-founder Akalarp Yimvilai wrote to staff that the platform \u201cis experiencing liquidity problems\u201d and will not be able to fully pay March salaries.<\/p>\n

\n

\u201cAs you know, since we signed the agreement [with V Ventures] in December 2022, the investor is required to remit a monthly tranche so that we can pay salaries. To date we have not yet received a payment, despite numerous attempts to reach the firm,\u201d he added.<\/p>\n<\/blockquote>\n

According to sources, V Ventures was supposed to transfer $1.25 million by March 23. However Zipmex hopes the investor will fulfill its obligations.<\/p>\n

The company also informed its shareholders of the situation.<\/p>\n

\n

\u201cIf the investor cannot transfer the working capital allocated for March 2023, we will have no choice but to initiate the liquidation of Zipmex Technology Company Limited,\u201d the email states.<\/p>\n<\/blockquote>\n

Against the backdrop of the news, Zipmex’s token (ZMT) fell 53.5% over the last 24 hours, according to CoinGecko. At the time of writing the asset was trading at around $0.048.<\/p>\n

\"Zipmex
Data: CoinGecko.<\/figcaption><\/figure>\n

In July 2022 Zipmex faced a liquidity crunch after problems at partners \u2014 Babel Finance<\/a> and Celsius Network<\/a>. Later the platform suspended withdrawals<\/a>, citing circumstances beyond its control.<\/p>\n

Several days later the exchange partially resumed<\/a> deposits and withdrawals, and later turned to the Singapore court for creditor protection<\/a>.<\/p>\n

Earlier, it was reported that V Ventures proposed to acquire<\/a> 90% of the company’s shares, valued at approximately $100 million.<\/p>\n

Zipmex promised to fully resume the withdrawal of funds after the completion of the deal<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Venture firm V Ventures missed a tranche payment to Zipmex, potentially exposing the Thai crypto exchange to liquidation. The Block reports.<\/p>\n","protected":false},"author":1,"featured_media":76135,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"V Ventures misses tranche payment; Zipmex faces liquidation risk.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1355],"class_list":["post-76134","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-zipmex"],"aioseo_notices":[],"amp_enabled":true,"views":"14","promo_type":"1","layout_type":"1","short_excerpt":"V Ventures misses tranche payment; Zipmex faces liquidation risk.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/76134","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=76134"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/76134\/revisions"}],"predecessor-version":[{"id":76136,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/76134\/revisions\/76136"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/76135"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=76134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=76134"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=76134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}