SINGAPORE -- Thailand-based cryptocurrency exchange Zipmex said it has filed for bankruptcy protection in Singapore after having more than $50 million in exposure to Celsius and Babel Finance, crypto lenders that have taken hits from plunging digital token prices.
Cryptocurrencies
Crypto exchange Zipmex seeks bankruptcy protection in Singapore
Thailand-based digital currency player calls for conference with creditors
Zipmex had already paused operations, citing market volatility and liquidity problems faced by its Singapore unit. © Reuters
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