Crypto Exchange Zipmex To Resume Withdrawals, Work On $53 Million Exposure

Author : Dhowcruise
Publish Date : 2022-07-24 00:00:00


Crypto Exchange Zipmex To Resume Withdrawals, Work On $53 Million Exposure

Southeast Asia-focused cryptocurrency exchange Zipmex said it would resume withdrawals on Thursday after a suspension the day before, and was working to address its exposure of $53 million to crypto lenders Babel Finance and Celsius. Zipmex said it was in talks with Babel Finance, which suspended withdrawals in June, to resolve its $48 million exposure to the crypto services firm, while a Babel Finance spokesperson said it was actively working with Zipmex to avoid customer losses. Zipmex said it would write off its $5 million exposure to Celsius. "Zipmex is exploring all available channels including fund raising, legal action and restructuring," the company said in a statement. The company had said in a tweet on Wednesday that it suspended withdrawals, with an executive of its Thai affiliate citing liquidity difficulties at Babel Finance and Celsius as factors behind the move.

Southeast Asia-focused cryptocurrency exchange Zipmex said it would resume withdrawals on Thursday after a suspension the day before, and was working to address its exposure of $53 million to crypto lenders Babel Finance and Celsius. Zipmex said it was in talks with Babel Finance, which suspended withdrawals in June, to resolve its $48 million exposure to the crypto services firm, while a Babel Finance spokesperson said it was actively working with Zipmex to avoid customer losses. Zipmex said it would write off its $5 million exposure to Celsius. "Zipmex is exploring all available channels including fund raising, legal action and restructuring," the company said in a statement. The company had said in a tweet on Wednesday that it suspended withdrawals, with an executive of its Thai affiliate citing liquidity difficulties at Babel Finance and Celsius as factors behind the move.Southeast Asia-focused cryptocurrency exchange Zipmex said it would resume withdrawals on Thursday after a suspension the day before, and was working to address its exposure of $53 million to crypto lenders Babel Finance and Celsius. Zipmex said it was in talks with Babel Finance, which suspended withdrawals in June, to resolve its $48 million exposure to the crypto services firm, while a Babel Finance spokesperson said it was actively working with Zipmex to avoid customer losses. Zipmex said it would write off its $5 million exposure to Celsius. "Zipmex is exploring all available channels including fund raising, legal action and restructuring," the company said in a statement. The company had said in a tweet on Wednesday that it suspended withdrawals, with an executive of its Thai affiliate citing liquidity difficulties at Babel Finance and Celsius as factors behind the move.Southeast Asia-focused cryptocurrency exchange Zipmex said it would resume withdrawals on Thursday after a suspension the day before, and was working to address its exposure of $53 million to crypto lenders Babel Finance and Celsius. Zipmex said it was in talks with Babel Finance, which suspended withdrawals in June, to resolve its $48 million exposure to the crypto services firm, while a Babel Finance spokesperson said it was actively working with Zipmex to avoid customer losses. Zipmex said it would write off its $5 million exposure to Celsius. "Zipmex is exploring all available channels including fund raising, legal action and restructuring," the company said in a statement. The company had said in a tweet on Wednesday that it suspended withdrawals, with an executive of its Thai affiliate citing liquidity difficulties at Babel Finance and Celsius as factors behind the move.Southeast Asia-focused cryptocurrency exchange Zipmex said it would resume withdrawals on Thursday after a suspension the day before, and was working to address its exposure of $53 million to crypto lenders Babel Finance and Celsius. Zipmex said it was in talks with Babel Finance, which suspended withdrawals in June, to resolve its $48 million exposure to the crypto services firm, while a Babel Finance spokesperson said it was actively working with Zipmex to avoid customer losses. Zipmex said it would write off its $5 million exposure to Celsius. "Zipmex is exploring all available channels including fund raising, legal action and restructuring," the company said in a statement. The company had said in a tweet on Wednesday that it suspended withdrawals, with an executive of its Thai affiliate citing liquidity difficulties at Babel Finance and Celsius as factors behind the move.Southeast Asia-focused cryptocurrency exchange Zipmex said it would resume withdrawals on Thursday after a suspension the day before, and was working to address its exposure of $53 million to crypto lenders Babel Finance and Celsius. Zipmex said it was in talks with Babel Finance, which suspended withdrawals in June, to resolve its $48 million exposure to the crypto services firm, while a Babel Finance spokesperson said it was actively working with Zipmex to avoid customer losses. Zipmex said it would write off its $5 million exposure to Celsius. "Zipmex is exploring all available channels including fund raising, legal action and restructuring," the company said in a statement. The company had said in a tweet on Wednesday that it suspended withdrawals, with an executive of its Thai affiliate citing liquidity difficulties at Babel Finance and Celsius as factors behind the move.Southeast Asia-focused cryptocurrency exchange Zipmex said it would resume withdrawals on Thursday after a suspension the day before, and was working to address its exposure of $53 million to crypto lenders Babel Finance and Celsius. Zipmex said it was in talks with Babel Finance, which suspended withdrawals in June, to resolve its $48 million exposure to the crypto services firm, while a Babel Finance spokesperson said it was actively working with Zipmex to avoid customer losses. Zipmex said it would write off its $5 million exposure to Celsius. "Zipmex is exploring all available channels including fund raising, legal action and restructuring," the company said in a statement. The company had said in a tweet on Wednesday that it suspended withdrawals, with an executive of its Thai affiliate citing liquidity difficulties at Babel Finance and Celsius as factors behind the move.Southeast Asia-focused cryptocurrency exchange Zipmex said it would resume withdrawals on Thursday after a suspension the day before, and was working to address its exposure of $53 million to crypto lenders Babel Finance and Celsius. Zipmex said it was in talks with Babel Finance, which suspended withdrawals in June, to resolve its $48 million exposure to the crypto services firm, while a Babel Finance spokesperson said it was actively working with Zipmex to avoid customer losses. Zipmex said it would write off its $5 million exposure to Celsius. "Zipmex is exploring all available channels including fund raising, legal action and restructuring," the company said in a statement. The company had said in a tweet on Wednesday that it suspended withdrawals, with an executive of its Thai affiliate citing liquidity difficulties at Babel Finance and Celsius as factors behind the move.Southeast Asia-focused cryptocurrency exchange Zipmex said it would resume withdrawals on Thursday after a suspension the day before, and was working to address its exposure of $53 million to crypto lenders Babel Finance and Celsius. Zipmex said it was in talks with Babel Finance, which suspended withdrawals in June, to resolve its $48 million exposure to the crypto services firm, while a Babel Finance spokesperson said it was actively working with Zipmex to avoid customer losses. Zipmex said it would write off its $5 million exposure to Celsius. "Zipmex is exploring all available channels including fund raising, legal action and restructuring," the company said in a statement. The company had said in a tweet on Wednesday that it suspended withdrawals, with an executive of its Thai affiliate citing liquidity difficulties at Babel Finance and Celsius as factors behind the move.Southeast Asia-focused cryptocurrency exchange Zipmex said it would resume withdrawals on Thursday after a suspension the day before, and was working to address its exposure of $53 million to crypto lenders Babel Finance and Celsius. Zipmex said it was in talks with Babel Finance, which suspended withdrawals in June, to resolve its $48 million exposure to the crypto services firm, while a Babel Finance spokesperson said it was actively working with Zipmex to avoid customer losses. Zipmex said it would write off its $5 million exposure to Celsius. "Zipmex is exploring all available channels including fund raising, legal action and restructuring," the company said in a statement. The company had said in a tweet on Wednesday that it suspended withdrawals, with an executive of its Thai affiliate citing liquidity difficulties at Babel Finance and Celsius as factors behind the move.Southeast Asia-focused cryptocurrency exchange Zipmex said it would resume withdrawals on Thursday after a suspension the day before, and was working to address its exposure of $53 million to crypto lenders Babel Finance and Celsius. Zipmex said it was in talks with Babel Finance, which suspended withdrawals in June, to resolve its $48 million exposure to the crypto services firm, while a Babel Finance spokesperson said it was actively working with Zipmex to avoid customer losses. Zipmex said it would write off its $5 million exposure to Celsius. "Zipmex is exploring all available channels including fund raising, legal action and restructuring," the company said in a statement. The company had said in a tweet on Wednesday that it suspended withdrawals, with an executive of its Thai affiliate citing liquidity difficulties at Babel Finance and Celsius as factors behind the move.Southeast Asia-focused cryptocurrency exchange Zipmex said it would resume withdrawals on Thursday after a suspension the day before, and was working to address its exposure of $53 million to crypto lenders Babel Finance and Celsius. Zipmex said it was in talks with Babel Finance, which suspended withdrawals in June, to resolve its $48 million exposure to the crypto services firm, while a Babel Finance spokesperson said it was actively working with Zipmex to avoid customer losses. Zipmex said it would write off its $5 million exposure to Celsius. "Zipmex is exploring all available channels including fund raising, legal action and restructuring," the company said in a statement. The company had said in a tweet on Wednesday that it suspended withdrawals, with an executive of its Thai affiliate citing liquidity difficulties at Babel Finance and Celsius as factors behind the move.Southeast Asia-focused cryptocurrency exchange Zipmex said it would resume withdrawals on Thursday after a suspension the day before, and was working to address its exposure of $53 million to crypto lenders Babel Finance and Celsius. Zipmex said it was in talks with Babel Finance, which suspended withdrawals in June, to resolve its $48 million exposure to the crypto services firm, while a Babel Finance spokesperson said it was actively working with Zipmex to avoid customer losses. Zipmex said it would write off its $5 million exposure to Celsius. "Zipmex is exploring all available channels including fund raising, legal action and restructuring," the company said in a statement. The company had said in a tweet on Wednesday that it suspended withdrawals, with an executive of its Thai affiliate citing liquidity difficulties at Babel Finance and Celsius as factors behind the move.Southeast Asia-focused cryptocurrency exchange Zipmex said it would resume withdrawals on Thursday after a suspension the day before, and was working to address its exposure of $53 million to crypto lenders Babel Finance and Celsius. Zipmex said it was in talks with Babel Finance, which suspended withdrawals in June, to resolve its $



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