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Zipmex Requests 2-Month Extension From Singapore Court for Restructuring Plan

Cryptocurrency exchange Zipmex has requested another extension which would allow for a longer moratorium on its debt in Singapore amid the firm’s liquidity issues.

In an April 18 announcement, Zipmex said it was currently in negotiations with investors in an attempt to “maximize returns for customers” following a delay in payments. The firm said its Asia arm had filed a request in Singapore’s courts to extend its existing moratorium period by two months. According to the exchange, it will use the extra time to plan and reopen Z Wallet withdrawals.

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