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Crypto exchange Zipmex in buyout talks with V Ventures

Bloomberg
Bloomberg • 1 min read
Crypto exchange Zipmex in buyout talks with V Ventures
Bangkok-based Zipmex has been restructuring after being granted protection from creditors in Singapore in August. Photo: Bloomberg
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Zipmex Pte, the embattled Asian cryptocurrency exchange, is in advanced talks to receive a financial lifeline from one of its investors, people with knowledge of the matter said.

Zipmex is “on track to sign a majority buyout” agreement this week, the company said in an email to Bloomberg News on Wednesday, without naming the buyer. It is in talks with venture capital fund V Ventures, a subsidiary of Thoresen Thai Agencies Pcl, according to the people, who asked not to be identified discussing confidential information.

V Ventures didn’t immediately respond to an email seeking comment. Negotiations are ongoing and it isn’t certain they’ll lead to a deal, the people said.

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