Thailand-based cryptocurrency exchange Zipmex has been sent SEC and other regulators in the country, a request to discuss a “recovery plan”. Bloomberg writes that potential investors will also attend the meeting on September 15.

The firm said it was at an “advanced stage” with two bidders for its assets after signing three letters of intent in July.

“Investors greatly appreciate our potential and share our vision and mission to develop the digital economy in Thailand and Southeast Asia”, – noted in the company.

According to Cointelegraph, the platform could be worth $400 million.

In August 2021, Zimpex raised $41 million and funds were provided by the country’s fifth largest bank, Bank of Ayudhya, media companies and venture funds.

On August 25, the exchange announced that the possibility of transferring native ZMT token between Trade Wallet and Z Wallet has been restored. The option is available through the website, via the mobile app – it will appear later.

Zipmex has re-enabled transfers from your Z Wallet to Trade Wallet: #ZMT. You will now have access to your existing ZMT by transferring tokens between wallets on the Zipmex website https://t.co/Uxk0qZkGBp.

More Info https://t.co/La4nW15EKx #zipmeks #ZipmexAsia pic.twitter.com/K4SQ096MZi

— ZIPMEX (@zipmex) August 25, 2022

Recall that Zipmex faced a lack of liquidity after problems with partners – Babel Finance and Celsius Network. Their debts are $5 million and $48 million, respectively.

On July 20, the company suspended the withdrawal of funds, citing “caused by unstable market conditions and financial difficulties of key business partners.”

A few days later, Zipmex partially resumed deposits and withdrawals.

On August 15, the platform managed to extend the moratorium on protection from creditors until December 2.

Read ForkLog bitcoin news in our Telegram – cryptocurrency news, courses and analysis.