After Zipmex Thailand announced the closure of digital asset delisting Due to the bankruptcy of Celsius and Babel, rumors emerged that the CEO and co-founder of Zipmex Thailand had fled the country to live in Dubai. Until causing a lot of anxiety for Thai crypto traders
latestDate 22 July 2022 Time 19.00 Dr. Eklarp Yimwilai, Chief Executive Officer and co-founder of Zipmex Thailand Made a statement via Facebook: Zipmex Thailand, confirming that he did not fled to Dubai according to the fake news that came out. But still working with the team to work hard to find a way to return the assets to the customers. Ready to show understanding that traders are worried. and tense over this incident as well, as well as clarifying 5 important points as follows:
1. Issues about Babel Finance : Zipmex Global has successfully consulted with the Legal Department and appointed a lawyer. Talks with Babel to quickly restore the assets. There was also talk of a reimbursement plan to Zipmex, but on July 20, the results of the negotiations were unsatisfactory and negative, resulting in Zipmex Thailand’s decision to inform A. SEC and customers urgently The company has initiated a lawsuit against Babel Finance and is closely monitoring the situation.
Regarding the charges against Zipmex Global, there was a miscommunication during the statement. Indeed, it is a joint litigation with Babel Finance. It is now discussing with Thai law firms to find a way for investors to join a class action law suit.
2. Issues related to Celsius : Zipmex is aware of Celsius’s declaration of bankruptcy and has held discussions with those involved to cover the impending loss of assets. But since the damage is only $5 million, Zipmex will be held liable for this damage. But it continues to take legal action against Celsius.
3. Discussions and working together with the SEC : Zipmex has been in discussions with the SEC for a long time and has confirmed that Zipmex does not have any legal privileges. As rumors have spread And from now on, it will continue to work closely with the SEC and follow various measures urgently.
4. Coin spread protection on the board against the world market : Zipmex has opened a buy-sell system. since yesterday Allow customers to use Trade Wallet for investment, trading, depositing, withdrawing baht, withdrawing digital assets as usual. But to protect clients and prevent highly mispriced digital assets from the global market. Therefore, it takes time to bring various coins into the system. which is currently open for trading of 28 coins. Customers can withdraw and sell normally.
5. Update money to return to customers : Zipmex is currently in discussions with several investors who want to invest in Zipmex, revealing that it is in the process of negotiating. The objective is to bring assets back to customers. which is now in the process of drafting this investment document
word-for-word statement
By Dr. Eklarp Yimwilai
Chief Executive Officer and co-founder of Zipmex Thailand
“Hello, today is an update on the situation. First of all, I would like to say hello to all customers, partners, and trustees. various media And those who have been interested in following Zipmex’s movements as CEO and co-founder of Zipmex Thailand would like to inform everyone that in the past 3 days my team and I have done our best so that we can resume normal service. ”
“I haven’t escaped anywhere, still in Thailand as the news is going to Dubai. Zipmex Thailand would like to report the situation to everyone in a transparent manner. Continue to take responsibility as always. I fully understand your tension and apologize if Wednesday’s announcement caused concern and uncertainty. Hopefully today there will be more clarity for all of you.”
“Today, Zipmex Thailand has more updated information. Me and the team weren’t complacent. We have issued an official statement on our website, Facebook, and email all the time. I would like to reconfirm that the information contained in this document is true and transparent.”
“I would like to inform you that the company has been closely monitoring the situation with Babel and Celsius and has been evaluating their movements. But on July 20, we learned that the movement we have been following has had a negative development. situation worse The company therefore decided to clarify further. The SEC and the public with urgency to show transparency that problems have arisen.”
“I would like to take the opportunity in this Live to clarify the problem. We would like to clarify the issues separately for the convenience of everyone’s understanding.”
1. “The Issues Regarding Babel On June 17, Babel announced the suspension of withdrawal. When this happened, Zipmex Global had already contacted the Legal Department and appointed a lawyer. And there have been discussions with Babel to quickly recover the assets and talks about making a payment plan is to Zipmex, but on July 20, the results of the negotiations were not. Satisfactory and negative results, Zipmex Thailand decided to notify the SEC and customers urgently. The company has initiated a lawsuit against Babel and is closely monitoring the situation.”
“However, in the Live that was clarified on July 20th, I said that there will be a lawsuit against Zipmex Global. I apologize for misleading you all. In fact, we will work together to prosecute Babel and reiterate that we are in discussions with Thai law firms to find a way for investors to join a Class Action Law Suit.”
2. “Relevant to Celsius The company was aware of Celsius’s bankruptcy declaration and the company had held discussions with those involved in order to cover the potential loss of assets, but ultimately we considered that the money of Celsius Zipmex at the time was able to support the loss of Celsius because it was only $5 million. However, the company insists it continues to take legal action against Celsius.”
3. “Discussing and working together with the SEC would like everyone to know that the company has always had discussions and discussions with the SEC. We do not have any legal privileges. As rumors have spread We are transparent with The SEC has always been where both yesterday and today We received a book from SEC to clarify various events and we are working on clarification according to the SEC’s request. The company will work closely with the SEC. Next, if there are any documents coming, we will reply to him urgently.”
4. “Zipmex has been operating the Exchange system since yesterday. Allow customers to use Trade Wallet for investment, trading, depositing, withdrawing baht, withdrawing digital assets as usual. However, to protect clients and prevent highly mispriced digital assets from the global market. Some people may be selling bitcoins very cheaply. to prevent such problems So we have to take the time to get the coins into the system. Currently, we are open to trading 28 coins. Customers can withdraw and sell normally.”
“As for those who have assets in ZipUp+, I and the Company urge you all to assure that I and the Company are taking steps to keep the assets of all of you in the best possible way and will take transparent steps to bring your assets. come back”
5. “This is a hot topic that has just been placed at my table. I have spoken to many of you who wish to invest in Zipmex and would like to inform you that many investors have shown great interest in the company. And we are in the process of negotiating to bring the assets back to all of you. We are now in the process of drafting this investment document.”
“I would like to clarify to everyone that I fully understand your concerns and will do whatever it takes to bring your digital assets back to you all. I will update the situation with everyone periodically.”
“As CEO, I would like to communicate that this situation cannot be resolved by any form of violence. Including threats to the life and property of employees in the company Zipmex would like to leave this part as well. And I would like to end this statement that we are urgently rectifying the situation. And now there is a way to solve the problem that is faster, closer and more clear. From now on, the situation and progress will continue to be updated like this. Thank you all.”
