Zipmex exchange warned shareholders about possible liquidation – Bits Media

Investment company V Ventures, Buyer ZipMex, missed the payment of the next tranche, As a result, the exchange cannot pay for the work of the staff and is under the threat of liquidation.

Zipmex cryptocurrency exchange informed shareholders about the absence of funds for maintaining operating activities. The exchange administration reported, that V Ventures, which pledged to provide financial assistance in exchange for ZipMex shares, I missed the next payment for the amount $1,25 million.

“At this stage, we did not receive any information and decision of the investor regarding that, when funds arrive and whether they will, in principle, complete the deal. If the investor cannot transfer working capital, then we will have no other choice, except how to start the liquidation procedure ", - says in a letter to ZipMex shareholders.

Since the transaction with V Ventures is under threat of a breakdown, Zipmex has begun to develop alternative output measures from a crisis situation, including, providing for the liquidation of the exchange and the dismissal of personnel.

In January, the securities and exchanges commission (SEC) Thailand began an investigation against Zipmex. Local authorities believe, that the company's actions violated the law on providers of digital assets services. The investigation may be associated with the process of buying a crypto -tank company V Ventures, a subsidiary of Thoresen Thai Agencies. The amount of the transaction is estimated within the limits $100 million.