.zipmex will release ether to users' wallets on Aug 11 with bitcoin following a week later, having blocked customers from taking direct custody of their coins last month. By JamieCrawleyCD
Cryptocurrency exchange Zipmex will release ether to users' wallets on Aug 11 with bitcoin following a week later, having blocked customers from taking direct custody of their coins last month.."We're working hard to release the balance of Z Wallet holdings ASAP," it added.following the releaseOn July 20, the exchange suspended user withdrawals. Zipmex users were left stranded as they were not able to sell or trade their crypto.
The firm took this step as it faced losses of $100 million related to crypto lender Babel Finance. In mid-June, Babel due to turmoil in the crypto market, this contagion also led to a flurry of defaults among over leveraged firms like Three Arrows Capital and Celsius Network.
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