Zipmex Asks for Creditor Protection Extension While Waiting for Help Agreements

The potential rescue plan has led to the request by cryptocurrency exchange Zipmex for extended protection against creditors. It applied in July for protection in Singapore and was granted in August. It requested that the protection be extended to April 2, 2019, in a statement it released today. Zipmex has operations in Australia, Singapore, Indonesia, Thailand, and Indonesia. It made two $53million loans to Celsius Network, and Babel Finance. None of these loans have been returned. Zipmex made two $53 million loans to Celsius Network and Babel Finance in July. None of these loans have been returned. We encourage you to do your own research before investing.Join us to keep track of news: coincu.comHaroldCoincu NewsTags: Babel FinanceCelsiuscreditor protectioncryptoV VenturesZipmex