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Crypto Exchange Zipmex Secures Creditor Protection Extension as Takeover Deal Nears

Altszn.com by Altszn.com
December 2, 2022
in Crypto
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Crypto Exchange Zipmex Secures Creditor Protection Extension as Takeover Deal Nears
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Bloomberg reported today that a deal involving venture capital fund V Ventures looks set to be completed in due course. On Nov. 18, Zipmex was still in “advanced talks” in terms of a rescue deal, according to a person familiar with the matter. The deal with V Ventures, a subsidiary of Thoresen Thai Agencies, one of Thailand’s largest and longest-serving investment firms, is set to be worth $100 million in cash and crypto for 90% of the business, Bloomberg said.



Read More: www.coindesk.com

Tags: BlockchaincreditorCryptocryptocurrencyDealExchangeExtensionnearsProtectionSecurestakeoverweb 3.0Web3Zipmex
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