Zipmex sees end to debt debacle, says fundraising talks are moving forward

Cryptocurrency exchange Zipmex is hopeful of resolving its debt debacle and says it can still help traders regain access to their virtual currencies that have been locked up on the platform since July.

The company’s optimism stems from the fact that it is in advanced talks to raise a new funding round from undisclosed investors, said Akalarp Yimwilai, the CEO of Zipmex’s Thai unit, in a livestreamed town hall meeting attended by DealStreetAsia on Wednesday.

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