Zipmex enables up to $153 worth of ETH withdrawals

Zipmex, the lender that had halted lawsuit withdrawals connected July 20, is allowing customers to entree and retreat up to 0.08 Ethereum (ETH) tokens, worthy astir $153 astatine the clip of writing, starting Aug. 11

The steadfast volition transportation the ETH tokens from the users’ Z wallets, utilized to gain involvement and bonus, to the Trade wallets, utilized for trading and withdrawing. The customers would past beryllium capable to retreat the Ethereum tokens to their backstage wallets.

All users with little than 0.08 ETH successful their Z wallets volition person their assets successful afloat successful the Trade Wallets. However, those with implicit 0.08 ETH volition person to hold for further updates.

The steadfast volition besides alteration users to retreat 0.0045 Bitcoins (BTC), worthy astir $111 astatine the clip of writing, from Aug. 16, according to the authoritative statement. The tokens volition likewise beryllium transferred from the Z wallets to the Trade wallets.

According to Zipmex, these transfers volition let astir of its users to person their assets successful afloat successful respect to 5 tokens — Bitcoin and Ethereum, arsenic good arsenic Solana (SOL), Ripple (XRP), and Cardano (ADA), which were fully returned to customers implicit the past week.

However, the lender added that the reinstatement of these withdrawals is conscionable 1 measurement towards the larger extremity of returning each lawsuit assets.

In its statement, Zipmex said:

“We stay committed to implicit transfers of each customers’ assets successful a gradual mode and to accelerating each actions to resume the afloat work of Z Wallet.”

The steadfast added that it remains committed to gathering its autochthonal ZMT token, which received an further concern from an existing backer. Zipmex is besides trying to resume the functioning of its Z wallet, it added successful the statement.

Thailand unfazed by crypto recognition crisis

When Zipmex abruptly halted withdrawals past month, Thailand’s crypto and securities watchdog, the Securities and Exchange Commission (SEC) asked the steadfast to connection much clarifications. Zipmex operates crossed Southeast Asia and is registered with the Thailand SEC.

The SEC aboriginal launched a nationalist investigation to measure the interaction of Zipmex’s withdrawal freeze. The lender past filed for a moratorium successful Singapore to support itself against ineligible enactment from creditors.

But contempt the launched enquiry into Zipmex, the SEC is seemingly not disquieted arsenic it approved 4 much crypto licenses past week. This included crypto broker Krungthai XSpring, speech T-BOX Thailand, crypto advisor, and money managers Coindee and Leif Capital Asset Management.

The station Zipmex enables up to $153 worthy of ETH withdrawals appeared archetypal connected CryptoSlate.