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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.