Crypto Exchange Zipmex in Buyout Talks With V Ventures
- Zipmex is in talks for financial lifeline from V Ventures
- Crypto exchange is operating under protection from creditors
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Zipmex Pte, the embattled Asian cryptocurrency exchange, is in advanced talks to receive a financial lifeline from one of its investors, people with knowledge of the matter said.
Zipmex is “on track to sign a majority buyout” agreement this week, the company said in an email to Bloomberg News on Wednesday, without naming the buyer. It is in talks with venture capital fund V Ventures, a subsidiary of Thoresen Thai Agencies Pcl, according to the people, who asked not to be identified discussing confidential information.