Asian crypto exchange platform Zipmex has announced the possibility of an acquisition by one of many interested parties.
The platform confirmed the news via a tweet and refused to reveal the potential buyer’s name, so that they can perform financial due diligence.
The news comes after Zipmex halted withdrawals on July 20 citing “circumstances beyond our control”. The platform also disclosed its $53 million exposure to troubled crypto lenders Babel Finance and Celsius. On July 22, the platform enabled withdrawals from only its trade wallet.