{"id":24772,"date":"2022-08-03T01:14:16","date_gmt":"2022-08-03T01:14:16","guid":{"rendered":"http:\/\/egrowonline.com\/?p=24772"},"modified":"2022-08-03T01:14:16","modified_gmt":"2022-08-03T01:14:16","slug":"zipmex-gradually-resuming-z-wallet-withdrawals-says-debt-moratorium-is-not-bankruptcy","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=24772","title":{"rendered":"Zipmex gradually resuming Z Wallet withdrawals, says debt moratorium is not bankruptcy"},"content":{"rendered":"


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Crypto exchange Zipmex, which operates in Thailand, Indonesia, Singapore and Australia, released a statement this week denying reports that it has filed for bankruptcy and announcing its progress in resuming withdrawals from its Z Wallets.\u00a0<\/p>\n

Zipmex customers can withdraw Solana (SOL<\/a>) from their wallets Tuesday and will be able to withdraw XRP<\/a> on Thursday and Cardano (ADA<\/a>) on August 9, the company said<\/a>.<\/p>\n

Zipmex provides its customers with two wallets: the Z Wallet, used for Zipmex services and receipt of earnings and bonuses, and the Trade Wallet, where fiat currency and funds for trading are held. Zipmex paused all withdrawals from its platform<\/a>\u00a0on July 20 but resumed withdrawals from Trade Wallets<\/a> two days later. The company cited its exposure to Babel Finance<\/a> and Celsius defaults as necessitating the wallet freeze. Babel Finance owed Zipmex $48 million and Celsius owed it $5 million.<\/p>\n

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News for Zipmex SOL holders <\/p>\n

Solana (SOL) in your Z Wallet has been credited to Trade Wallet on 2 August 2022.<\/p>\n

For further enquiries, reach out to Customer Support on Live Chat – we\u2019re ready to help 24\/7 pic.twitter.com\/jCLSAppVtK<\/a><\/p>\n

\u2014 ZIPMEX (@zipmex) August 2, 2022<\/a><\/p><\/blockquote>\n

Now altcoins in Z Wallets will be transferred to Trade Wallets, leaving only Bitcoin (BTC<\/a>), Ether (ETH<\/a>) and stablecoins frozen in Z Wallets. Zipmex promised customers that it would \u201cstart to release some of these tokens [BTC, ETH and stablecoins] into your Trade Wallet starting in the middle of August.\u201d <\/p>\n

Related: Thai SEC launches digital hotline for Zipmex users<\/a><\/em><\/strong><\/p>\n

Zipmex also took the opportunity to clarify its recent legal actions, informing the public that it\u00a0filed an application for a moratorium<\/a> on debt in Singapore. As part of that process, Zipmex creditors will be able to file documents with the court through Aug. 5, with Zipmex Singapore submitting its documents a week later so the court can begin deliberating on the moratorium on Aug. 15. <\/p>\n

Zipmex added that it was working with Babel Finance on the return of Zipmex\u2019s funds. It had also signed a \u201cMemorandum Of Agreement (MOU) with two investors\u201d and received an additional investment from a current shareholder. Its largest investor is<\/a>\u00a0Singaporean and U.S. venture capital firm B Capital, followed by the U.S. Jump Capital and Hong Kong\u2019s Mindworks Ventures. <\/p>\n<\/div>\n


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Crypto exchange Zipmex, which operates in Thailand, Indonesia, Singapore and Australia, released a statement this week denying reports that it has filed for bankruptcy and announcing its progress in resuming withdrawals from its Z Wallets.\u00a0 Zipmex customers can withdraw Solana (SOL) from their wallets Tuesday and will be able to withdraw XRP on Thursday and […]<\/p>\n","protected":false},"author":1,"featured_media":24773,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[41],"tags":[9738,1275,10186,4371,10187,1130,398,7005],"class_list":["post-24772","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-bankruptcy","tag-debt","tag-gradually","tag-moratorium","tag-resuming","tag-wallet","tag-withdrawals","tag-zipmex"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/08\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDgvZmIzYzcwMzYtZjQzZC00ZTFiLTg5NjgtYzE0ZWNiOGNiY2YxLmpwZw.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/24772","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24772"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/24772\/revisions"}],"predecessor-version":[{"id":24774,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/24772\/revisions\/24774"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/24773"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24772"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24772"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24772"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}