Zipmex: Debt Dilemma: ZipMex Offers Creditors 3.35 Cents Per Dollar Owed In $97 Million Fiasco

Zipmex, a Thai crypto exchange currently facing financial distress, has proposed a restructuring plan that includes paying its creditors a fraction of their original claims. According to Bloomberg, the exchange is offering its creditors "about 3.35 cents" on the dollar of their initial claims. This offer forms a key part of the company's restructuring strategy [...]