Summary: Asian-based crypto exchange Zipmex has paused withdrawal effective immediately. Financial difficulties and volatile market conditions were cited as the primary reasons behind the decisions. The company could be insolvent although company officials have not yet confirmed this and CEO Marcus Lim denied the possibility. FTX CEO Sam Bankman-Fried previously told Forbes in late June that some third-tier exchanges might already be insolvent. SBF made the comments as the contagion in crypto hit a fever pitch and multiple platforms faced […]
