BENGALURU (REUTERS) – South-east Asia-focused cryptocurrency exchange Zipmex said it had filed for bankruptcy protection in Singapore, becoming the latest victim of the global downturn in digital currencies.
Singapore-based Zipmex resumed withdrawals last week, a day after suspending them on July 20, and said it was working to address its exposure of US$53 million (S$73 million) to crypto lenders Babel Finance and Celsius Network.
Zipmex’s solicitors submitted five applications on July 22…