Thailand's Ministry of Finance revoked Zipmex's license due to compliance issues, financial risks, and improper management, following an SEC investigation revealing unauthorized fund transfers.
AlexProminent crypto figures respond intensely as the founder of Wikipedia vehemently criticizes Bitcoin.
ZoeyZipmex'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.
BerniceInferno Drainer's shutdown highlights challenges and opportunities in combating cryptocurrency fraud, leaving the community with a mix of relief and vigilance.
Hui XinThe Securities and Exchange Commission (SEC) of Thailand has implemented a trading and asset deposit halt for Zipmex, effective from 25 November, 1pm local time. This decision aligns with local regulations to ensure compliance. The suspension instructs customers seeking fund or asset withdrawals during this period to directly contact the exchange.
JoyInferno Drainer, a leading crypto wallet-draining service, bows out after orchestrating phishing scams that resulted in the theft of nearly $70 million in cryptocurrency. The team ensures a smooth transition for users, but concerns persist about the potential rise of new threats in the crypto underworld.
Huang BoExploring Elon Musk's scrutiny of Wikipedia's funding and the contentious debate over its financial future.
JixuMetaverse is still very much important as the days of the internet are taking a new shape with the migration of different projects into Web3.
NulltxCrypto exchange Zipmex has now resumed withdrawals for a few altcoins apart from Bitcoin and Ethereum. So far, there are ...
BitcoinistThe crypto exchange said it had $48 million in exposure with Babel Finance and $5 million with Celsius — both firms faced liquidity and insolvency issues, respectively.
Cointelegraph