Zipmex investor V Ventures plans to pay only 10% to 20% of its debt to its creditors

According to The Block, V Ventures, the investor in the Southeast Asian cryptocurrency exchange Zipmex's rescue plan, now only wants to repay 10% to 20% of the debt to Zipmex's creditors. Zipmex lawyer Morgan Lewis Stamford said, "The subscribers are now only prepared to consider a compromise with the planned creditors, so that the creditors will get 10% to 20% of the existing debt repayment". Foresight News previously reported that on December 3, 2022, according to Bloomberg citing people familiar with the matter, V Ventures, a subsidiary of Thoresen Thai Agencies Pcl, will acquire about 90% of the shares of Zipmex at a consideration of US$100 million, of which US$30 million will be paid in cash. The remainder is paid in cryptocurrency. The cryptocurrency Zipmex receives from the transaction will be used to gradually offer customer withdrawals by next April, the people said.