Update On Moratorium Application

April 21, 2023

21 April 2023

Update on Moratorium Applications in Singapore

The companies’ applications for extension of the moratoria were heard on the morning of 21 April 2023.

After hearing counsel, the Court gave the following orders:

  • The moratoria for each of the Zipmex companies is extended until 30 June 2023.
  • Zipmex Asia is to address customers’ queries directly, and update the Court on such customer engagement by 28 April 2023.
  • Zipmex’s monthly management accounts for March and April 2023 are to be filed by 5 May 2023.
  • Zipmex is to provide periodic updates to creditors by email and announcement every 21 days from today.

The Court also directed that Zipmex’s lawyers write to the investor’s lawyers to inform them that the Court may be minded to lift the sealing as to the identity of the investor and other information. The Court requires them to write in by 3 May 2023 if they wish to intervene in some way and maintain the sealing order.

We are extracting the sealed Orders of Court and will disseminate them where appropriate.

Thank you.

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Email: [email protected]

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Facebook: Zipmex Indonesia


Email: [email protected]

Facebook: Zipmex Asia

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.

Cryptocurrency and digital token involve high risks; investors may lose all investment money and should study information carefully and make investments according to own risk profile.

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.