The financial struggles of the crypto platform Zipmex may soon be nipped in the bud, should the requests of a new investor Chalermchai Mahagitsiri.
"We request the Zipmex Team to prepare a confirmation letter of your share forfeiture for you to sign and to take effect at closing," the email addressed to Lim on Tuesday reads. "We look forward to moving on from this situation and receiving this confirmation letter."
Since Zipmex halted withdrawals on its platform and declared bankruptcy in the aftermath of its exposure to bankrupt Celsius Network and Babel Finance, the company has been in search of a whole new crop of investors. The goal was to raise funding worth as much as $53 million to cover up the total loss from the exposure to its trading partners.
As reported, Zipmex has been in talks with two investors, including Mahagitsiri, son of Thai billionaire and coffee king Prayudh Mahagitsiri. CEO Lim noted in a statement that comments cannot be made with regard to ongoing...
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