Crypto Exchange Zipmex Faces Police Complaint in Thailand | Crypto

Crypto Exchange Zipmex Faces Police Complaint in Thailand

– The SEC is collecting transactional information from Zipmex after the exchange halted withdrawals in July.

– Zipmex and Akalarp didn’t meet a deadline for delivering the information, prompting the SEC’s action, the regulator said.

– The Singapore-based exchange was one of several crypto companies that fell victim to an industrywide downturn induced by bad debts and high leverages.

– Zipmex loaned $48 million to Babel Finance and $5 million to Celsius Network, both of which failed to repay their loans.

– Last month Singapore’s High Court granted Zipmex protection from creditors until Dec. 2.

WJRMCDZO2REJHJ5YI2SXM5NPZY Crypto Exchange Zipmex Faces Police Complaint in Thailand

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