Crypto Exchange Zipmex to Resume Withdrawals

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Thailand-based crypto exchange Zipmex will resume withdrawing funds after the acquisition closes.

Applications will be accepted until February 21. According to the platform:

“Lenders will receive 100% of their digital assets in Wallet Z once we grant full access to them once the scheme is approved and any investment deals are closed.”

The trading platform is suffering liquidity problems after partners Babel Finance and Celsius Network run into trouble. On July 20 last year, the exchange suspended the withdrawal of funds, citing a “coincidence” beyond her control.

A few days later, the exchange partially resumed depositing and withdrawing funds, and later applied to the Singapore court for protection from creditors.