| Founded | 2019 |
|---|---|
| Closed | 2023 |
| Country | Thailand |
| Sector | Crypto |
| Collapse type | Sudden Collapse |
Zipmex
"A Southeast Asian crypto exchange that raised $50M and was brought down by its exposure to Babel Finance and Celsius."
Unexpected shutdown within weeks of a trigger
Key Events Timeline
Zipmex raised $50M from investors including Softbank Ventures Asia and Brinc to operate a regulated crypto exchange in Thailand, Singapore, Indonesia, and Australia.
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