The Southeast Asia-focused crypto exchange Zipmex will release Ethereum (ETH) and Bitcoin (BTC) tokens this week, according to a spokesperson.
With this, Zipmex will allow 60% of its users to retrieve their digital assets after a suspension of withdrawals from its Z Wallet product.
The company mentioned that Ethereum will be released on August 11 while Bitcoin on August 16. Last week Zipmex also allowed digital coins ADA, XRP, and SOL to be withdrawn. Reportedly, Zipmex late last month was in talks with investors for potential funding.
Zipmex also operates in Thailand, Australia, and Indonesia. In July, it stopped allowing withdrawals from Z Wallet which it said had $53 million worth of cryptocurrencies exposed to Babel Finance and Celsius.
Moreover, the Thai Securities Exchange Commission is gathering more information on concerned customers and interacting with customer representatives on the issue.