Crypto platform Zipmex files for bankruptcy protection in Singapore

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Southeast Asia-focused cryptocurrency exchange Zipmex said it had filed for bankruptcy protection in Singapore, becoming the latest victim of the global downturn in digital currencies. Singapore-based Zipmex resumed withdrawals last week, a day after suspending them last Wednesday (Jul 20), and said it was

Southeast Asia-focused cryptocurrency exchange Zipmex said it had filed for bankruptcy protection in Singapore, becoming the latest victim of the global downturn in digital currencies.

Zipmex's solicitors submitted five applications on Jul 22 seeking moratoriums to prohibit legal proceedings against Zipmex for up to six months, the cryptocurrency exchange said on Jul 27.

Source: Digital Coin News (digitalcoinnews.net)

 

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