The Singapore-based crypto exchange Zipmex has halted withdrawals on its platform due to a “combination of circumstances” beyond its control including volatile market conditions.
The exchange did not provide any additional information about the move, nor did it specify how long the withdrawal suspension will be in effect.
Zipmex operates in several Asian countries, including Thailand, Singapore, Australia, and Indonesia. The crypto winter continues to chill markets and businesses alike, as a number of companies have struggled to weather a dive in ether and bitcoin prices.
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