Zipmex proposes to pay creditors 3 cents per dollar

Embattled Thai crypto exchange Zipmex is offering its creditor 3.35 cents per dollar of initial claims with further payouts in a recovery scenario. The proposal came as a part of the restructuring offer from a company that owes its customers $97 million. 

According to a Bloomberg report on Nov. 29, Zipmex could raise the sum from 3.35 cents per dollar to 29.35 cents per dollar “contingent on the recovery.” However, major creditors are reportedly against the proposed scheme and demand an independent review of the company’s liabilities.

Marcus Lim, the CEO of Zipmex, refused to confirm the cited details of a restructuring scheme but mentioned the “inaccuracies” in numbers cited…

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