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Akalarp Yimwilai quits as director of crypto exchange Zipmex Asia

Company says talks with potential investors not making progress

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)

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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