After Vauld, ZipMex Gets 3 Months Protection from Singapore Court

One of the leading crypto exchanges, Zipmex, announced that it had obtained protection from any action from creditors from the Singapore High Court for more than three months. Zipmex has applied for 6-month creditors protection to restructure its debt. The 3 month period granted by the court will give it additional time to address liquidity concerns. 

On July 21, Zipmex halted all cryptocurrency withdrawals. While cryptocurrencies like Solana (SOL), XRP, and ADA withdrawals have resumed. However, popular coins like Bitcoin and Ether are still locked for withdrawals.



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