Crypto Exchange Zipmex Secures Creditor Protection Extension as Court Sets Deal Deadline

Cryptocurrency exchange zipmex has been granted a moratorium extension until April by Singapore's High Court, which set a deadline of Dec. 21 for a takeover deal. Reporting by oknightcrypto.

The extension was granted by Singapore's High Court alongside a directive that states any takeover deal for Zipmex must be completed by Dec. 21. On Nov.

18, Zipmex wasZipmex is one of several crypto companies that became embroiled in this year's bear market after a series of $53 million loans to Babel Finance and Celsius Network failed to be repaid. It froze withdrawals in July andlast month that the entity looking to purchase Zipmex is venture capital fund V Ventures, a subsidiary of Thoresen Thai Agencies, one of Thailand's largest and longest-serving investment firms.

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