Crypto Exchange Zipmex has just received a moratorium extension from Singapore High Court. At the moment, Zipmex has more than three months of creditor protection. This will give the crypto exchange some more time so that they could devise the next steps of their funding plan.
Zipmex had filed for bankruptcy protection and had also suspended its withdrawals at the beginning of July. Now with the extension, the exchange will be safe against creditor lawsuits until December 2.
The moratorium extension has been granted to Zipmex’s all five entities. Zipmex’s solicitors had applied for six months of protection for all five entities which are available in Thailand, Singapore, Indonesia and Australia.
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