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.

We offer investors a variety of opportunities in the digital assets industry. Our innovative platform provides financial access for anyone seeking investment returns anywhere, anytime. Our ecosystem aims at making finance an everyday enriching activity.

ZEI is currently registered under and listed by Bappebti as a candidate merchant. To date, the Indonesian government has established crypto assets as commodities which can be determined as the subjects of futures contracts, which can be traded through the Futures Exchange (of crypto assets).

RISK WARNING ON THE SERVICES

Before you use the Services, you must be aware of the following:

  1. You should not transact Digital Assets if you are not familiar with Digital Assets. Transacting Digital Assets may not be suitable for you if you are not familiar with the technology of the Services that are provided.
  2. You should be aware that the value of Digital Assets may fluctuate greatly. You should buy Digital Assets only if you are prepared to accept the risk of losing all of the money you put into such Digital Assets.
  3. You should be aware that although we strive to provide you with excellent service, we do not guarantee that the Site or Services will be available without interruption.
  4. Digital Assets held in your Hosted Wallet and funds in your Fiat Wallet are not subject to the Indonesian insurance or guarantee scheme as provided by the Indonesian Deposit Insurance Corporation (Lembaga Penjamin Simpanan).