V Ventures Makes Offer to Buy 90% Stake in Zipmex

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Venture capital firm V Ventures has recently offered to buy a 90% stake in Thai crypto exchange Zipmex.

According to Bloomberg, the deal is worth approximately $100 million in digital assets and fiat and the funds will be used to pay users.

V Ventures is an active investor in the exchange and has been negotiating with Zipmex since November. According to the media, the requirements of the buyer include the consent of the top management of the platform to three-year employment contracts with the inability to leave the company during this period.

The company co-founders Marcus Lim, Akalarp Yimwilai and its CMO Proud Limpongpan must give personal guarantees to indemnify for any losses V Ventures may suffer.