Crypto Exchange Zipmex Gets Over 3 Months of Creditor Protection in Singapore

Singapore’s High Court granted Asian crypto exchange Zipmex more than three months of creditor protection to give it time to come up with a funding plan. The company and all its five entities, which filed for protection from creditors and suspended withdrawals in July, will be protected against potential creditor lawsuits until Dec. 2, Bloomberg says.

Read more: https://www.coindesk.com/business/2022/08/15/zipmex-crypto-exchange-gets-over-3-months-creditor-protection-in-singapore-report