Zipmex Halts Operations in Thailand: Navigating Regulatory Challenges and Financial Turmoil
Discover the latest on Zipmex's operational halt in Thailand, as it faces SEC scrutiny and financial distress

Discover the latest on Zipmex's operational halt in Thailand, as it faces SEC scrutiny and financial distress
OpenSea navigates market turbulence, strategizing through acquisitions and broadening NFT applications, despite a significant decline in trading volume and market share.
BitMEX co-founder Arthur Hayes warns of the existential risks to Bitcoin from a potential U.S. spot Bitcoin ETF and TradFi involvement.
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Zipmex's restructuring plan offers creditors a fraction of their claims, sparking discontent and a call for an independent review. The exchange's struggles, evident since August 2022, escalate with uncertainties surrounding increased repayment contingent on financial recovery. As the creditors' vote approaches, Zipmex faces a critical juncture. The recent pause in trading operations in Thailand adds another layer of complexity, reflecting the ongoing challenges the exchange is grappling with.
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It was previously reported that Alexander Hoeptner left the company in October 2022.
Gregory Dwyer becomes the last one from the exchange’s management to enter a plea.
Arthur Hayes and Benjamin Delo will each pay fines for violating the Bank Secrecy Act and operating what the Justice Department calls a "money laundering platform."