Zipmex requests 2-month extension from Singapore court docket for restructuring plan

Cryptocurrency alternate Zipmex has requested one other extension which might permit for an extended moratorium on its debt in Singapore amid the agency’s liquidity points.

In an April 18 announcement, Zipmex mentioned it was at the moment in negotiations with traders in an try and “maximize returns for purchasers” following a delay in funds. The agency mentioned its Asia arm had filed a request in Singapore’s courts to increase its current moratorium interval by two months. In keeping with the alternate, it would use the additional time to plan and reopen Z Pockets withdrawals.

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