The main investor of Zipmex, a crypto exchange that has long been ranked 2nd in terms of the number of sales in Thailand, has completed the sale of the organization. No comments were from the parties, regarding this transaction, but the media has information that V Ventures acquired the platform for $100 million. The funds will be distributed to close all monetary problems that forced Zipmex to block the ability to withdraw deposits and go to court to seek protection from bankruptcy. Earlier it was reported that after Zipmex, crypto-lender Hodlnaut applied for investor protection.

Zipmex lost $53 million, invested in CeFi platforms Celsius Network and Babel Finance, which subsequently went bankrupt. The sales rate decreased by 98%, despite the fact that Zipmex partially returned the funds to its users. In this situation, the financial restructuring did not save the crypto exchange.

V Ventures after the completion of the transaction left the management of the crypto exchange in its place. The creators of the crypto-exchange signed an agreement for a period of 3 years, which obligated them to continue their activities, but already working for the new owner and compensate for all detected losses from their wallet.

But this is not the only problem of the previous owners, Markus Lim and Akalarp Yimwilai. The Securities Commission of Thailand has asked law enforcement to review the possibility of scam and withdrawal of funds before asking the court to apply for bankruptcy protection.