זיפּמעקס קריפּטאָ עקסטשאַנגע רעסומז ווידדראָאַלז פֿאַר אַלטקאָינס, קיין וואָרט אויף ביטקאָין

Embattled Asian crypto exchange resumes withdrawals for some altcoins, though bitcoin and ether remain frozen.

The exchange will progressively allow XRP, סאָלאַנאַ (SOL), and ADA withdrawals from the Z בייַטל, which will be credited into users’ Trade wallets.

Earlier this month, the Asian exchange announced the צייַטווייַליק אָפּשטעלן of transfers between its Z wallet and Trade Wallet, citing market instability. It had deposited $48 million into Babel for its ZipUp+ product and commenced withdrawals when market conditions turned south

It had also invested $5 million in Celsius Finance and איז געווען אין געשפרעכן with the company regarding a resolution after it also paused withdrawals. Celsius then paused withdrawals on June 13, 2022, and filed for bankruptcy on July 14, 2022, causing Zipmex to write off its deposits on the exchange’s balance sheet.

SOL, ADA, and XRP withdrawals open

On Aug. 2, 100% of users’ SOL will be released, on Aug. 4, 2022, 100% of XRP will be released, and on Aug. 9, 2022, Zipmex will make 100% of ADA available. Stablecoins will remain inaccessible.

Regarding its choice to deposit money in Celsius and Babel Finance, Zipmex סייטאַד the reputable financial backing received by both companies and stressed that due diligence had been performed. The exchange is pursuing the recovery of deposits from Babel Finance.

The company clarified rumors that it had filed for bankruptcy as false. It instead filed for a moratorium with a Singapore court to give itself time to address issues and determine an acceptable outcome for customers.

Last week, the Thai Securities and Exchange Commission באפוילן the exchange to rescind the freezing of some coins. Zipmex responded by restoring access to its Trade wallet.

A step in the right direction for Zipmex

Zipmex acknowledged that the move to unfreeze only a select number of assets was a small consolation, but a step in the right direction.

On July 24, Be[In]Crypto reported that the exchange’s co-founder Akalarp Yimwilai was seen in a since-deleted YouTube video in apparent negotiations with potential investors.

די פירמע האט tweeted, saying that negotiations are ongoing but that the potential investor had entered into a non-disclosure agreement as it reviewed the exchange’s financials. No official statement has been made regarding the outcomes of said negotiations.

אָפּלייקענונג

אַלע די אינפֿאָרמאַציע קאַנטיינד אויף אונדזער וועבזייטל איז ארויס אין גוטן אמונה און בלויז פֿאַר אַלגעמיינע אינפֿאָרמאַציע צוועקן. קיין אַקציע וואָס די לייענער נעמט אויף די אינפֿאָרמאַציע געפֿונען אויף אונדזער וועבזייטל איז שטרענג אויף זייער אייגן ריזיקירן.

Source: https://beincrypto.com/zipmex-crypto-exchange-resumes-withdrawals-altcoins-no-bitcoin/