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Bangkok Post

Business

Zipmex claims progress in its fundraising

An advertisement promoting Zipmex is seen in a file photo taken on Feb 15, 2022 in Bangkok. (Photo: Nutthawat Wicheanbut)

Singapore-based Zipmex says it is in the final stage of fundraising with potential investors to resolve its liquidity issues, a day after the Securities and Exchange Commission (SEC) issued a police complaint against the crypto exchange firm and its co-founder.

In a statement issued late Tuesday, the SEC accused Zipmex and co-founder Akalarp Yimwilai, who is also the chief executive of its Thai unit, of failing to meet a deadline for delivering its transactional details on digital asset transfers and withdrawals.

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