Akalarp Yimwilai quits as director of crypto exchange Zipmex Asia

Company says talks with potential investors not making progress

20230518 Akalarp Yimwilai ZIPMEX

Akalarp Yimwilai, pictured, has resigned from his post as a director of troubled crypto exchange Zipmex Asia. (Source photo from  ZIPMEX's website and Akalarp Yimwilai's Facebook page)

PIMFHA CHAN, DealStreetAsia

BANGKOK -- Akalarp Yimwilai has resigned from his post as a director of the troubled crypto exchange Zipmex Asia, a few weeks after a Singapore court approved its debt restructuring moratorium extension by two months. 

Effective May 9, Akalarp Yimwilai will no longer serve as director of Zipmex Asia while remaining as a director of its Thai unit, Zipmex Company, according to a legal document sent by the company to its creditors.

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