Zipmex Resuming Withdrawals for SOL, XRP, ADA

03.08.2022 12:55
by Maksym Prykhodko
1 min read

The Zipmex saga continues. After filing for bankruptcy, the Thailand-based crypto exchange announced that it will be resuming withdrawals from its Z Wallet, but only for some coins.

Zipmex users can already withdraw their SOL funds. And from August 4th and August 9th respectively, users will also be able to withdraw their XRP and ADA balances.

These three coins are all in the top 10 by market cap, according to Coindesk. However, there’s yet no information on when other popular coins, such as Bitcoin and Ethereum, will be available for withdrawals.

After filing for bankruptcy, Zipmex is currently dealing with liquidity issues and looking for ways to restructure. The company is in talks with multiple potential investors, and the development of the Zipmex token (ZMT) is in progress.

Author

  • Maksym has denied the existence of crypto as an asset for 3 years when he was working with standard financial instruments. Became Head of Treasury. Won the best bank employee award and left the bank for cryptocurrency exchange the next day. Got a second university degree, but that didn’t stop him from studying finance yet. Combines fiat and crypto experience to be as objective as possible in general matters. His dream is to be interviewed by Bloomberg.

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