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Crypto Exchange Zipmex Files for Bankruptcy Protection in Singapore

Zipmex, a cryptocurrency exchange focused on Southeast Asia, has filed for bankruptcy Bankruptcy Bankruptcy or insolvency constitutes a legal term and refers to being unable to repay debts.
Not all private persons are eligible for Chapter 13, high amounts of debt don’t qualify, and the person must file Chapter 11 or 7.
Most individuals choose Chapter 13 over Chapter 11 or Chapter 7 because it aids them in avoiding foreclosure on their residence.
Most individuals choose Chapter 13 over Chapter 11 or Chapter 7 because it aids them in avoiding foreclosure on their residence.
While suspending withdrawals, Zipmex cited a combination of circumstances including market volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period.

Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by TokenAround.

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