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Crypto exchange Zipmex halts withdrawals due to ‘volatile market conditions’

Crypto exchange Zipmex halts withdrawals due to ‘volatile market conditions’

Southeast Asian crypto exchange Zipmex announced it’s halting withdrawals until further notice. 

“Due to a combination of circumstances beyond our control including volatile market conditions, and the resulting financial difficulties of our key business partners, to maintain the integrity of our platform, we would be pausing withdrawals until further notice,” the company wrote in a tweet on Wednesday. 

This is a breaking story and will be updated. 

© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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Author: Andrew Rummer


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