Taiwan-based Zipmex says 60% of customers can return digital assets

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Taiwan-based Zipmex says 60% of customers can return digital assets

A spokesman for Zipmex said on Monday that 60% of its customers will be able to retrieve their digital assets after a suspension of withdrawals from its Z Wallet product.

In July, the Singapore-based Zipmex, which also operates in Thailand, Australia and Indonesia, stopped withdrawals from Z Wallet, which it said had $53 million worth of cryptocurrencies exposed to Babel Finance and Celsius.

The company said that ether andBitcoin will be released on Thursday. It allowed digital coins XRP, ADA and SOL to be withdrawn last week.

Late last month, Zipmex said it was in talks with investors for potential funding.

The Thai Securities Exchange Commission is working with customer representatives to collect more information on affected customers and to work with them on the issue.