Crypto Exchange Zipmex Suspends Withdrawals Amid Crypto Dip

Southeast Asia-focused cryptocurrency exchange Zipmex has suspended withdrawals, the company said in a tweet on Wednesday, the latest sign of stress in the embattled crypto sector.

“Due to a combination of circumstances beyond our control including volatile market conditions, and the resulting financial difficulties of our key business partners, to maintain the integrity of our platform, we would be pausing withdrawals until further notice”, Zipmex tweeted.

Zipmex and its CEO did not immediately respond to requests for comment.

(Reuters)