| Founded | 2019 |
|---|---|
| Closed | 2022 |
| Country | Singapore |
| Sector | Crypto |
| Collapse type | Sudden Collapse |
Zipmex
"Zipmex operated a regulated crypto exchange across Singapore, Thailand, Indonesia, and Australia — then the Celsius and Three Arrows Capital collapses froze 53 million dollars of customer funds, triggering judicial management and leaving 200,000 users unable to withdraw their money."
Unexpected shutdown within weeks of a trigger
Key Events Timeline
Zipmex offered a ZipUp yield product that invested customer funds in Babel Finance and Celsius to generate returns.
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