Close Menu
  • Crypto News
  • Markets
  • Bitcoin
  • Ethereum
  • XRP
  • Altcoins
  • Technology
  • More
    • Crypto Prices – Latest from BTC, ETH & XRP
    • NFT
    • DeFi

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Trending

Zora price up 600%, Binance Futures listing has 50x leverage

July 27, 2025

Trump’s EU Trade Deal Sparks Crypto Surge: BTC Nears $120K, BNB Breaks ATH

July 27, 2025

Bitcoin Hits $1T Realized Cap as Price Holds Above $118K After $9B BTC Sale by Satoshi-Era Whale

July 27, 2025

Coinbase’s Base App Rebrand Sends a Little-Known Token Soaring 440% Amid SocialFi Boom

July 27, 2025

US President Donald Trump Announced That They Have Reached a Tariff Agreement with the European Union – “The Biggest Deal Ever”

July 27, 2025
Facebook X (Twitter) Instagram
  • Advertise
en English
nl Nederlandsen Englishfr Françaisde Deutschit Italianoru Русскийes Españolzh-CN 简体中文hi हिन्दीja 日本語
Crypto Observer
  • Crypto News

    Trump’s EU Trade Deal Sparks Crypto Surge: BTC Nears $120K, BNB Breaks ATH

    July 27, 2025

    Is It Time To Exchange Bitcoin For TRON? This Metric Says TRX Is About To Outperform BTC

    July 27, 2025

    Here’s Why Base Is Crushing Other Ethereum Layer 2s in Revenue

    July 27, 2025

    Top 5 Fastest Crypto Swap Platforms

    July 27, 2025

    Bitcoin Bulls Gain Traction From Ideal Long Zone: 2 Scenarios For The Week Ahead

    July 27, 2025
  • Markets
  • Bitcoin
  • Ethereum
  • XRP
  • Altcoins
  • Technology
  • More
    • Crypto Prices – Latest from BTC, ETH & XRP
    • NFT
    • DeFi
Facebook X (Twitter) Instagram
Crypto Observer
Home » Technology » Blockchain » Thai crypto exchange Zipmex reportedly offers creditors nearly 30 cents on dollar
Blockchain

Thai crypto exchange Zipmex reportedly offers creditors nearly 30 cents on dollar

Crypto Observer StaffBy Crypto Observer StaffNovember 29, 2023No Comments2 Mins Read
Facebook Twitter Pinterest Reddit Telegram Email LinkedIn Tumblr
Share
Facebook Twitter LinkedIn Pinterest Email

Troubled cryptocurrency exchange Zipmex has proposed its creditors nearly 30 cents per dollar of claims as part of its restructuring plan.

Embattled crypto exchange Zipmex has offered its creditors 29.35 cents per dollar as the firm is seeking new options to stay afloat under the revised restructuring plan, Bloomberg has learned, citing sources familiar with the matter.

According to the report, key creditors do not agree with the terms of the new proposal, demanding an independent audit of Zipmex’s balance sheet. Details of Zipmex’s latest repayment plan will be approved or denied through early Dec. 2023, sources say. Zipmex’s Group head Marcus Lim did not go into details, but told Bloomberg in a commentary that the sources have obtained inaccurate information.

Earlier, crypto.news reported that Zipmex decided to suspend all digital asset trading activities in Thailand until Jan. 31, 2024. The decision to halt trading and depositing of assets was reportedly made to ensure compliance with the regulatory requirements established by the Securities and Exchange Commission (SEC) of Thailand.

In Sept. 2022, the SEC filed a local police report against Zipmex, alleging non-compliance with local laws and accusing the exchange and its co-founder Akalarp Yimwilai of operating outside digital asset business regulations without permission from the SEC. The accusations included persuading customers to use Singapore-based Zipmex Pte.

Thailand-based Zipmex filed for bankruptcy protection in Singapore in July 2022 after disclosing $50 million in exposure to defunct crypto lenders Celsius and Babel Finance.

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Tether Gold (XAUt) Market Cap Soars as Gold Hits Record Highs in 2025

Tether Gold (XAUt) Market Cap Soars as Gold Hits Record Highs in 2025

July 27, 2025
Crypto Isn’t Crashing The American Dream

Crypto Isn’t Crashing The American Dream

July 27, 2025
GENIUS Act Spurs Shift to Payment Utility in Stablecoins

GENIUS Act Spurs Shift to Payment Utility in Stablecoins

July 27, 2025
Divine Issues 30K Crypto Loans Using Sam Altman’s World ID

Divine Issues 30K Crypto Loans Using Sam Altman’s World ID

July 27, 2025
Add A Comment

Leave A Reply Cancel Reply

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Top Posts

Zora price up 600%, Binance Futures listing has 50x leverage

July 27, 2025

Trump’s EU Trade Deal Sparks Crypto Surge: BTC Nears $120K, BNB Breaks ATH

July 27, 2025

Bitcoin Hits $1T Realized Cap as Price Holds Above $118K After $9B BTC Sale by Satoshi-Era Whale

July 27, 2025
Advertisement
Demo

Crypto Observer is your one-stop website for the latest crypto news and updates, follow us now to get the news that matters to you.

Facebook X (Twitter) Instagram
Crypto News

Is It Time To Exchange Bitcoin For TRON? This Metric Says TRX Is About To Outperform BTC

July 27, 2025

Here’s Why Base Is Crushing Other Ethereum Layer 2s in Revenue

July 27, 2025

Top 5 Fastest Crypto Swap Platforms

July 27, 2025
Get Informed

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Facebook X (Twitter)
  • Privacy Policy
  • Terms of use
  • Advertise with us | Publishing
  • Contact us
  • Crypto News – Press release
  • Newsletter sign up
  • Markets
  • Altcoins
  • Bitcoin
  • Crypto News
  • DeFi
  • Ethereum
  • Technology
  • Blockchain
  • AI
  • NFT
  • Thanks for joining us
© 2025 Crypto Observer. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.