Crypto Exchange Zipmex Appoints Restructuring Firm to Forge Recovery Plan

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Crypto Exchange Zipmex Appoints Restructuring Firm to Forge Recovery Plan
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.zipmex has appointed KordaMentha to assist with a recovery plan after receiving three months of creditor protection earlier this month. Reporting by oknightcrypto.

Australian firm KordaMentha will work with the exchange's solicitors, Morgan Lewis Stamford, on how best to reorganize the company and preserve assets, the exchange said in aZipmex is one of many crypto companies that withered as

the market slid earlier this year. Bitcoin fell from $69,000 to $17,000 in six months, bankrupting lenders like Celsius Network and Voyager Digital while Singapore-based hedge fund Three Arrows Capital imploded. ZipmexOn Aug. 15, Zipmex

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