{"id":64700,"date":"2022-07-21T13:47:07","date_gmt":"2022-07-21T10:47:07","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=64700"},"modified":"2025-09-06T15:51:35","modified_gmt":"2025-09-06T12:51:35","slug":"zipmex-to-partially-resume-withdrawals","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/zipmex-to-partially-resume-withdrawals\/","title":{"rendered":"Zipmex to partially resume withdrawals"},"content":{"rendered":"<p>Thai cryptocurrency exchange Zipmex said it was ready to resume partial deposits and withdrawals from 18:00 (GMT+7) on July 21. Trading will remain unavailable until further notice.<\/p>\n<blockquote class='twitter-tweet'>\n<p lang='en' dir='ltr'>\ud83d\udce2Important Announcement \ud83d\udce2<\/p>\n<p>We are extending our maintenance period and will re-enable withdrawals and deposits for your Trade Wallet on 21 July 2022 at 18:00 (GMT+7). Trading will remain disabled until further notice. <a href='https:\/\/t.co\/2qCDzcyjdY'>pic.twitter.com\/2qCDzcyjdY<\/a><\/p>\n<p>\u2014 ZIPMEX (@zipmex) <a href='https:\/\/twitter.com\/zipmex\/status\/1549992884354838528?ref_src=twsrc%5Etfw'>July 21, 2022<\/a><\/p><\/blockquote>\n<p> <script async='' src='https:\/\/platform.twitter.com\/widgets.js' charset='utf-8'><\/script><\/p>\n<p>A day earlier the platform <a href='https:\/\/forklog.news\/bitkoin-birzha-zipmex-priostanovila-vyvod-sredstv-iz-za-stecheniya-obstoyatelstv\/'>paused withdrawals<\/a>, citing unstable market conditions and the ensuing financial difficulties for key business partners.<\/p>\n<p>In a message to clients, the company outlined measures to recover assets. Top management stressed that operations were not materially harmed.<\/p>\n<p>Zipmex explained that as of July 21 the total claims against Babel Finance stood at $48 million, and against Celsius Network at $5 million.<\/p>\n<p>The platform is considering several options for restoration, including raising funds, initiating legal action and restructuring.<\/p>\n<p>Management pledged to stay in dialogue with the community, regulators and stakeholders.<\/p>\n<blockquote class='twitter-tweet'>\n<p lang='qme' dir='ltr'> <a href='https:\/\/t.co\/SermTBBTGi'>pic.twitter.com\/SermTBBTGi<\/a><\/p>\n<p>\u2014 The Bright Light (@bright_light_12) <a href='https:\/\/twitter.com\/bright_light_12\/status\/1550032606900629504?ref_src=twsrc%5Etfw'>July 21, 2022<\/a><\/p><\/blockquote>\n<p> <script async='' src='https:\/\/platform.twitter.com\/widgets.js' charset='utf-8'><\/script><\/p>\n<p>Earlier Babel Finance engaged the law firm Kirkland &#038; Ellis for restructuring consultations.<\/p>\n<p>Earlier, representatives of the crypto lender Babel Finance denied insolvency reports and said they had reached &#8216;preliminary agreements&#8217; to repay part of the debt.<\/p>\n<p>Mid-July Celsius Network reported a balance-sheet hole of $1.2 billion.<\/p>\n<p>As Galaxy Digital chief Mike Novogratz said, the decline in the crypto market was driven by &#8216;greed, ignorance and reckless risk management&#8217;.<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news in our Telegram channel \u2014 crypto news, prices and analytics.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Thai cryptocurrency exchange Zipmex said it was ready to resume partial deposits and withdrawals from 18:00 (GMT+7) on 21 July. Trading will remain unavailable until further notice.<\/p>\n","protected":false},"author":1,"featured_media":64701,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[83,1166,1355],"class_list":["post-64700","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-business","tag-centralized-exchanges-cex","tag-zipmex"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/64700","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=64700"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/64700\/revisions"}],"predecessor-version":[{"id":64702,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/64700\/revisions\/64702"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/64701"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=64700"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=64700"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=64700"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}