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News Explorer — Zipmex's $100M Venture Capital Buyout in Jeopardy Due to Missed Payment

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Mar 24, 10:10 am

Coindesk

Zipmex's $100M Venture Capital Buyout in Jeopardy Due to Missed Payment

Zipmex, a Thai crypto exchange, is in danger of losing its $100 million venture capital buyout after an investor failed to make a $1.25 million payment. The exchange had previously experienced a liquidity crisis and had issued loans to Babel Finance and Celsius Network, which were both unpaid. It had agreed to a $100 million rescue package with V Ventures, a Thailand-based venture capital firm, at the end of last year.

Zipmex, a Thai crypto exchange, is in danger of losing its $100 million venture capital buyout after an investor failed to make a $1.25 million payment. The exchange had previously experienced a liquidity crisis and had issued loans to Babel Finance and Celsius Network, which were both unpaid. It had agreed to a $100 million rescue package with V Ventures, a Thailand-based venture capital firm, at the end of last year.

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