Zipmex meets with Thai regulators to discuss the next steps in its recovery

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Last Updated on August 27, 2022 by Bitfinsider

Cryptocurrency exchange Zipmex intends to meet with the Thailand Securities Exchange Commission and other regulators to discuss its recovery strategy. Zipmex recently submitted a letter in which it requested meetings with security regulators.

This meeting will also include potential investors for the crypto firm. Due to a financial crisis, the exchange had suspended withdrawals in July. Before a funding agreement is finalized, a meeting between Thailand’s SEC and Zipmex investors is required.

Zipmex has not revealed any information about the potential investors as of yet. It has stated that the discussion is now in the “Advanced Stages.”

The funding round was said to have taken place in June of this year. It meant that the company’s current capital inflow is unrelated to its current financial difficulties.

It has also been reported that the company is in contact with KordaMentha representatives.
These representatives will serve as financial advisors to Zipmex and will also assist proposed scheme managers in addressing a financial crisis by reforming strategies.


The strategies must be capable of reorganizing the current financial situation while also “maximizing the returns for all stakeholders, including our customers and vendor creditors.”


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Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.


Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked. To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor
Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.

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