Southeast Asia-focused crypto exchange Zipmex will publication Ethereum (ETH) and Bitcoin (BTC) tokens this week, according to a spokesman.
This will enable Zipmex to enable 60% of its users to retrieve their digital assets from its Z Wallet product following a withdrawal suspension.
Zipmex plans to release a certain amount of ETH and BTC on August 11th and 16th respectively. We are working hard to release Z Wallet holdings balance as soon as possible.
Thank you for your continued patience and support.
Zipmex team
#Zipmex pic.twitter.com/moywJffXau
— ZIPMEX (@zipmex) August 8, 2022
The company mentioned that Ethereum will be released on August 11th and Bitcoin on August 16th. Last week Zipmex is also allowed digital coins ADA, XRP and SOL to be withdrawn. Zipmex was reportedly in talks with investors late last month about possible funding.
Zipmex also operates in Thailand, Australia and Indonesia. In July, withdrawals were halted by Z Wallet, which it said $53 million worth of cryptocurrencies were suspended from Babel Finance and Celsius.
In addition, the Thai Securities Exchange Commission is collecting more information about affected customers and interacting with customer representatives on the issue.
Also read: Zipmex suspends payouts due to “volatile market conditions”
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