Update On Moratorium Application

November 18, 2022

For the past 3 months after the Singapore Court has granted Zipmex Group moratorium relief, Zipmex Thailand has been in constant contact with the SEC and other regulators to provide them with regular updates on the evolving situation.

Zipmex Thailand has been working to summarise to the regulators what we have been doing  with the moratorium. This is to ensure that we adhere to what serves our customers’ best interests.

A summary of the past prominent moratorium-related measures and our plan in the near future are below for your reference.

 1. Our solicitors in Singapore, Morgan Lewis Stamford LLC, have regularly submitted updates on Zipmex Group’s monthly management accounts to the Singapore Court.

 2. Zipmex Group has held a Town Hall within the 1-month timeframe set by the Singapore Court to inform and update our creditors and customers with all relevant information they ought to know firsthand.

3. Zipmex Group and a number of counsellors have considered the establishment of the creditor committee. However, we have also unanimously agreed that doing so might bring about unfair treatment to other creditors in different countries and create financial burden to the management fund.

4. Zipmex Group has today filed applications for the extension of the moratorium until 2 April 2023 to support the restructuring efforts (pending consideration by the Singapore court). 

The Court documents filed in Singapore can be found in Dropbox. Verified Zipmex users can proceed to access the documents with the same password previously provided. 

If you have not yet verified your email account as a user, customer, or creditor of any of the Zipmex Companies, please send an email to [email protected] for a verification check to obtain the password.

Zipmex is committed to ensuring that all interested parties continue to be kept up to date with the progress and the situation.

Please continue to monitor our channels as we’ll keep you posted on any updates that come in.

For further enquiries, reach out to Customer Support on Live Chat – we’re ready to help 24/7.

Email: [email protected]

LINE Official: @zipmex

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Zipmex Company Limited ("Company") operates a digital assets brokerage business. In order to increase the liquidity for digital assets trading on the Company's exchange platform, the Company sends and receives trade orders from one third-party exchange which is Zipmex SG, our affiliated company located in Singapore. No fees or compensation is provided between the parties. Any references to Zipmex SG is a reference to Zipmex Pte. Ltd.