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ID:

zipmex-992

Date:

Status:

Incident Count:

July 20, 2022

Verified

1

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REKT

Contributor:

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web3rekt.com

KYC By:

KYC:

No

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Audit By:

Audits:

None

Loss Amount:

-

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Recovered:

-

Rewards:

Currency:

USD

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Key Indicators

Platform:

Type:

Category:

Method:

Data Sources:

Multi-chains

Exchange

Assets

Liquidity Management

Extended Method:

Exposure to Celsius and Babel

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Days in Operation:

1000

(2.74 Years)

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Zipmex, a cryptocurrency exchange that operates in markets like Singapore and Thailand, resumed withdrawals as the fallout from a series of defaults spreads further throughout the digital-assets industry. Zipmex reported significant liquidity issue due to its $48 million exposure with Babel, $5 million with Celsius. The exchange is mulling offers from interested parties.

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