Update on moratorium proceedings

July 04, 2023

Please be informed that at the hearings of HC/SUMs 1868 to 1872 of 2023 on 30 June 2023,
the Singapore Court has granted an extension of the moratorium for 6 weeks to each of the
applicant companies in the Moratorium Group.

During this six weeks, Zipmex intends to carry out the following actions:

Date by Action

7 July 2023
(1 week)
A FAQ will be published in English and Thai on Zipmex’s regional web portals.

Access to Zipmex’s official Line and Telegram chat groups will be restored for certain accounts.

Please note that any repeat of previous instances of threats of violence, harm, or inappropriate behavior to the community will result in immediate moderation and removal at Zipmex’s sole discretion.

21 July 2023
(3 weeks)
Zipmex Asia Pte Ltd and Zipmex Pte Ltd intend to file applications for leave to convene meetings of their creditors under Section 210(1) of the Singapore Companies Act 1967.
11 August 2023
(6 weeks)
End of the extended moratoria

Zipmex will publish further announcements and will be sending documents filed in the
Singapore proceedings to each customer and creditor eligible to receive a distribution under the
proposed schemes, in due course.

Thank you.

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The Monetary Authority of Singapore ("MAS") requires us to provide this risk warning to you as a customer of Zipmex.

Before you pay Zipmex any money or DPT, you must be aware of the following.

  1. Zipmex is not currently licensed by MAS to provide DPT services. This means that you will not be able to recover all the money or DPTs you paid to Zipmex if Zipmex’s business fails.
  2. You should not transact in the DPT if you are not familiar with this DPT. This includes how the DPT is created, and how the DPT you intend to transact is transferred or held by Zipmex.
  3. You should be aware that the value of DPTs may fluctuate greatly. You should buy DPTs only if you are prepared to accept the risk of losing all of the money you put into such tokens.
  4. You should be aware that Zipmex may offer services related to DPTs which are promoted as having a stable value, commonly known as “stablecoin”.
  5. DPT held in your Hosted Wallet is not subject to the Singapore Deposit Insurance Scheme (“SDIC”) or any similar insurance or guaranty scheme of any other jurisdiction. In addition, funds stored in your Fiat Wallet do not benefit from the SDIC or any similar insurance or guaranty scheme of any other jurisdiction.

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