Account Holders, Creditors and Vendors
|1||Who are the creditors of Zipmex?||Zipmex’s creditors consist of customers on the exchange, token holders and vendor creditors.|
|2||Will Zipmex prioritise larger creditors over others?||No, Zipmex will not prioritise larger creditors.|
|3||Why is my name not on the list of creditors filed into Court?||The filings in the Singapore court proceedings only require a list of the top 20 creditors.|
Nonetheless, not being on the list does not mean you are not a creditor, and not being on the list does not exclude you from any claims proceedings should there be any in the future.
|4||What does it mean to have the name listed in the email? Will it impact my chance to get my money returned?||No, there is no impact. It was included as a court proceeding requirement.|
|5||What is my role/rights as creditors/vendors?||Creditors may participate in the restructuring process and engage with the Zipmex Group.|
|6||Do creditors lose the ability to make any legal claims at any point or during the moratorium period?||The moratorium is submitted to the Singapore High Court and subsists in Singapore. Creditors are advised to seek legal advice on any claims they may have in the relevant jurisdiction.|