📰 Singapore cryptocurrency exchange ZipMex (ZMT), which sought corporate rehabilitation and received creditor protection a year ago, has reportedly taken legal action against the court and submitted a debt restructuring plan. The plan includes an initial repayment of about 3.35 cents per dollar of debt, with potential additional adjustments up to 29.35 cents per dollar. A private creditor vote is scheduled for early December. 💼💰 #ZipMex #CryptocurrencyExchange #DebtRestructuring

📰 Singapore cryptocurrency exchange ZipMex (ZMT), which applied for corporate rehabilitation and received a creditor protection order a year ago, has reportedly filed a lawsuit against the court and submitted a debt restructuring plan. The plan proposes an initial repayment of approximately 3.35 cents per dollar of debt, with the possibility of further adjustments up to 29.35 cents per dollar. The creditor vote is expected to take place privately in early December. 💼💰 #ZipMex #CryptocurrencyExchange #DebtRestructuring