1. QiAi QuestsHome
  2. Metaverse & Beyond

Zipmex Receives Court Approval for Arrangement Plan and Expansion of Credit Protection

• Metaverse & Beyond • 96 views

It is reported that the arrangement plan or restructuring plan of the Thai cryptocurrency exchange Zipmex has been approved by the High Court of Singapore, paving the way for custo

Zipmex Receives Court Approval for Arrangement Plan and Expansion of Credit Protection

It is reported that the arrangement plan or restructuring plan of the Thai cryptocurrency exchange Zipmex has been approved by the High Court of Singapore, paving the way for customers to withdraw their deposits. According to an update on the Zipmex website on Thursday, the court approved the establishment of an “administrative convenience category” for creditors with wallet assets of no more than $5000. Zipmex’s request to extend the creditor protection period by three weeks to April 23 was also approved.

Singapore Court Approves the Restructuring Plan of Cryptocurrency Exchange Zipmex

Zipmex, one of the leading cryptocurrency exchanges in Thailand, has made a major announcement. The cryptocurrency exchange’s arrangement plan and restructuring plan have been approved by the High Court of Singapore. This is a significant step for Zipmex users, as it now allows them to withdraw their deposits. The approval comes as a relief for Zipmex investors, who had been worried about the recent uncertainty surrounding the exchange’s operations.

A Safe Haven for Cryptocurrency Investors

Zipmex offers a secure platform and serves as a safe haven for cryptocurrency investors in Southeast Asia. With clients in Thailand, Singapore, and multiple other countries, a lot of new users have joined the platform’s investor community in recent years. Zipmex has established an excellent reputation for providing sound financial advisory services and easy access to cryptocurrencies. The approval of the arrangement plan and restructuring plan has further enhanced Zipmex’s credibility, helping it to maintain its status as the go-to platform for cryptocurrency investors across Southeast Asia.

The High Court of Singapore Approves Zipmex’s Request for Creditor Protection Extension

Zipmex’s request for creditor protection extension by three weeks until April 23 was also approved by the High Court of Singapore. The extension was sought to help Zipmex, its customers, and other stakeholders ensure that the exchange’s financial matters are settled in an organized and comprehensive manner. This gives the exchange the necessary time to restructure its operations and improve its services to clients.

A Category for Creditors with Wallet Assets

Another significant development is the approval of the establishment of an “administrative convenience category” for creditors with wallet assets of no more than $5000. This means that Zipmex has taken a step to ensure that creditors who hold small amounts of crypto on their platform also receive support from the exchange during this time of restructuring.

What Does the Future Hold for Zipmex?

Zipmex is committed to ensuring that its customers can access their crypto assets safely and securely. The exchange has made it clear that it will also take this opportunity to enhance its operational capabilities and expand its services to clients across Southeast Asia. Zipmex has pledged to work tirelessly in the coming months to regain customer confidence and trust.

Conclusion

The approval of the arrangement plan and restructuring plan, extension of credit protection period, and establishment of an administrative convenience category for creditors with wallet assets under $5000 are all positive outcomes for Zipmex users. Zipmex has acted swiftly and responsibly in the face of the recent difficulties and has emerged stronger as a result. The exchange is poised to continue its growth and development as a leading cryptocurrency exchange in Southeast Asia.

FAQs

#1. What is Zipmex?

Zipmex is one of the leading cryptocurrency exchanges in Southeast Asia, with strong credibility and a reputation for providing sound financial advisory services.

#2. What does the approval of Zipmex’s arrangement plan and restructuring plan mean for customers?

The approval of the arrangement plan and restructuring plan allows customers to withdraw their deposits and ensures that Zipmex can restructure its operations to improve services for clients.

#3. What steps has Zipmex taken to support its customers during this time?

Zipmex has established an “administrative convenience category” for creditors with wallet assets of no more than $5000 to ensure that small creditors receive support during the restructuring process.

This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/metaverse/12425.html

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 03/31/2023 16:12
Next 03/31/2023 17:09

Related recommendations