Crypto Exchange Zipmex Proposes to Pay Creditors in Debt Settlement Plan

Crypto Exchange Zipmex Proposes to Pay Creditors in Debt Settlement Plan

Zipmex, a Singapore-based cryptocurrency exchange, has proposed a restructuring plan to pay its creditors 3.35 cents on the dollar, which is lower than what the creditors expected. The restructuring plan proposes a payout of up to 29.35 cents on the dollar, depending on the success of the debt recovery plan. However, major creditors have opposed…