Zipmex will re-enable withdrawals and deposits, while trading will remain disabled until further notice.
Cryptocurrency exchange Zipmex stated that it suspended withdrawals the other day due to the activity in the market. Now, the company stated that it has started working to reactivate the withdrawal process and even explored all options on this issue.
Zipmex Restarts Withdrawal
Due to the ups and downs in the crypto money world, some exchanges went down. Others have tried to keep the loss low by suspending withdrawals. If last day Zipmexalso made a statement on its official Twitter account, suspending withdrawals.
The explanation was as follows;
“Due to a combination of circumstances beyond our control, including volatile market conditions, and the resulting financial difficulties of our key partners, we will pause withdrawals until further notice to protect the integrity of our platform.”
After the company made this statement, it joined the caravan of companies that made withdrawals passive. However, today, another statement came from the company’s official Twitter account.
The statement made is as follows;
“We will re-enable withdrawals and deposits on July 21, 2022 at 18:00 (GMT+7). Trading transactions will be disabled until further notice.”
The company will re-enable withdrawals today at 22:00 Turkish time, but trading operations will remain inactive until further notice. In addition, the company continued its statements as follows;
“It got back most of our funds and assets invested in our distribution partners. We are also actively working to resolve the situation for the remaining outstanding assets. There was absolutely no material negative impact on our operations.”
