Cryptocurrency alternate Zipmex has reportedly not obtained the ultimate fee underneath its takeover cope with enterprise capital agency V Ventures. The alternate despatched a letter to the agency warning it must begin liquidating certainly one of its models with out the cash.

The $1.25 million fee was supposed to offer working capital to the Singapore-based alternate and was due March 23. in accordance to a Bloomberg report. Zipmex stated in a letter to V Ventures that with out the money injection, it must start liquidating its Zipmex Know-how unit and droop its payroll.

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