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Published 1 year ago

Thai VC fund acquires troubled exchange Zipmex for $100M: Report By Cointelegraph

Summary by Ground News
Venture capital fund V Ventures has reportedly reached a deal to acquire Zipmex. The VC fund is looking to purchase a 90% stake in the embattled cryptocurrency exchange. ZipmEx abruptly halted withdrawals on its platform in July 2022. The news comes shortly after Thailand's Securities and Exchange Commission (SEC) accused the exchange of violating local laws.

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