Crypto crash spreads in Asia as Zipmex suspends baht withdrawals

Thai exchange faces liquidity risk from Celsius, Babel Finance

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Akalarp encouraged customers to join a class action lawsuit that Zipmex Thailand is preparing to file against Zipmex Global. © Reuters

FRANCESCA REGALADO and DYLAN LOH, Nikkei staff writers

BANGKOK/SINGAPORE -- Fallout from a series of bankruptcies plaguing cryptocurrency firms has reached Thailand, as crypto exchange Zipmex suspended trading and baht withdrawals.

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