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Troubled crypto exchange Zipmex says mulling possible offer

Bloomberg
Bloomberg • 1 min read
Troubled crypto exchange Zipmex says mulling possible offer
Zipmex is the latest to encounter financial difficulties stemming from dealings with troubled crypto leaders. Photo: Bloomberg
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Zipmex, a cryptocurrency exchange that operates in markets like Singapore and Thailand, said on Sunday it was considering a possible offer after talks with interested parties, and that due diligence should commence.

The Asian platform was among several in the digital-assets industry encountering financial difficulties in recent weeks. On Thursday, it halted withdrawals as the fallout from a series of defaults spread further throughout the industry.

Zipmex’s chief marketing officer Proud Limpongpan declined to elaborate on the negotiations, citing a confidentiality clause.

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