Zipmex CEO opens up about financial problems, legal actions and the sale of Zipmex to new investors.
The first thing Zipmex Thailand and what I would do as CEO of Zipmex is to file a lawsuit against Zipmex Global and partners such as Barbells or Celcius to recover the digital assets. Back to customers.
For the litigation, Zipmex Thailand is ready to file a lawsuit and ready to sue the group or in English called “Class Action Lawsuit”, which customers can join. Zipmex Thailand will issue all legal fees here. To recover our customers’ digital assets, we must take legal action – legal action must be taken and Zipmex will bear the expenses.
The most important thing is that customer money or digital assets of Zipmex Thailand customers must come first. We must do everything to recover it.
Besides, it’s planned. We have been in talks with investors and companies about buying Zipmex here for some time now, and the discussion is ongoing. I still can’t reveal which company it is. But it’s a big company that’s interested in buying this business. And the money that comes to buy this business will be returned to all customers.
In other words, the local language is a bailout. It’s about buying a business to get money to pay customers in full. But if we get money from the partners by repaying the debt to us, we will also come back to the customers.
So now, to recap, Zipmex’s ZipUp+ products have a problem. We are suspending transfers between Z Wallet and Trade Wallet. All digital assets and baht that are in the Trade Wallet can still be deposited and withdrawn. It can still be used normally, and within the 20 hour period, we will reopen our trading platform as normal. Clients who have digital assets in the Trade Wallet can deposit and withdraw normally.
I would like to ask permission to clarify that this is a big deal for me and Zipmex and we will take full legal action. We have already clarified this at the SEC (The Securities and Exchange Commission). We will always disclose information to the SEC. At the same time, we will be transparent. We will always be transparent with customers in which I will post a statement and announce updates. If I can, I will do it every day during this period to fix the situation. Customers will be informed of the progress and we will help each other to find a solution here at the end.
As I am the CEO of Zipmex Thailand, I have to apologize. And I sincerely apologize to all customers that we have caused disappointment. But I wouldn’t hesitate to get all the digital assets back from the client’s ZipUp+, either by selling the business, getting the money back, or taking legal action. However, digital assets and customer funds should always come back first. I would like to make a clarification at this point.
I promise an updated statement. If possible, this would be a daily statement to create transparency so that the situation can be monitored. Thanks.