Enterprise capitalists bail on Zipmex bailout, firm warns of penalties: Report

Cryptocurrency alternate Zipmex has reportedly not obtained the most recent cost beneath its buyout settlement with enterprise capital agency V Ventures. The alternate has despatched a letter to the agency warning that it must start liquidating one among its items with out the cash.

The $1.25 million cost was supposed to offer working capital for the Singapore-based alternate and was due March 23, in accordance to a Bloomberg report. Zipmex stated in a letter to V Ventures that with out the money infusion, it must start liquidating its Zipmex Know-how unit and droop its payroll.

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