Zipmex Pte News Today

Zipmex, the embattled cryptocurrency exchange, has arranged to discuss fines of nearly 11 million baht imposed on the company and its chief executive by the Securities and Exchange Commission (SEC), saying talks with potential new investors are ongoing.

The SEC alleged that Zipmex could have unduly operated as a fund manager by offering its ZipUP earn products.

The Securities and Exchange Commission (SEC) is warning investors to carefully review individual agreements proposed by crypto exchange Zipmex before deciding to make a deal with the company.

Zipmex Pte, the embattled Asian cryptocurrency exchange, is in advanced talks to receive a financial lifeline from one of its investors, people with knowledge of the matter said.

Singapore-based Zipmex says it is in the final stage of fundraising with potential investors to resolve its liquidity issues, a day after the Securities and Exchange Commission (SEC) issued a police complaint against the crypto exchange firm and its co-founder.

Thailand's SEC has accused Zipmex and its CEO of failing to submit complete information on customers' assets before the withdrawal freeze.

The Thai SEC alleged crypto exchange Zipmex had not provided sufficient information on digital wallets and crypto transactions in compliance with the country’s Digital Assets Act.

Thailand's Securities and Exchange Commission (SEC) filed a police complaint against cryptocurrency exchange Zipmex.

The Securities and Exchange Commission (SEC) has tightened rules on advertising by crypto companies, joining countries like Singapore in seeking to protect retail investors in the wake of a US$2-trillion-selloff in digital asset markets.

Some shareholders and potential investors in Asian crypto exchange Zipmex Pte are urging Chief Executive Officer Marcus Lim to step down over management decisions they argue led to a severe cash crunch, people familiar with the matter said.