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Crypto Exchange Zipmex Files for Two-Month Moratorium Extension

Troubled cryptocurrency exchange Zipmex has filed for a two-month extension to its moratorium agreement to the Singapore court handling its bankruptcy reorganization, according to an announcement. The request was made after an investor had failed to make scheduled payments involved in a potential takeover. The investor, which is reportedly Thai investment firm V Ventures, claims the Scheme of Arrangement has lapsed and that it is no longer bound by the agreement. Marcus Lim, the CEO of the company, told CoinDesk in February that a deal had "been signed but not closed" before a plan was drafted to open customer withdrawals.

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