Singapore-based startup Zipmex extends its decision to pause withdrawals on its platform till Friday while South Korean firm Anipen raises $8.3 million in fresh funding.
SG crypto exchange Zipmex extends withdrawal freeze
Digital asset exchange Zipmex has extended its decision to pause withdrawals on its platform till Friday, a day after it announced the withdrawal freeze due to what it described as “combination of circumstances” beyond its control.
The Singapore-based company earlier said “volatile market conditions” and the “resulting financial difficulties” of its business partners prompted it to make the decision to halt withdrawals.
On Thursday night, the crypto exchange startup said it was extending the “maintenance period” to prevent any “technical issues”.
“We are working hard to bring back the Trade Wallet function as soon as we can. Withdrawals will be enabled once we’re back,” the company in a tweet.
Founded in 2019, Zipmex, backed by Thailand’s Bank of Ayudha, has roughly 2 million users on its platform who can buy, sell, and earn interest on bitcoin, ethereal and other crypto tokens. A Bloomberg report said the decision stemmed from the platform’s exposure to troubled crypto lender Babel Finance.
Korean metaverse platform Anipen bags $8.3m funding
Anipen, a South Korean metaverse platform, has reportedly raised 11 billion Korean won (about $8.3 million) in its Series C funding round ahead of its planned initial public offering (IPO).
According to a Forkast report, the funding round was participated by a list of investors, including Medici Investmnet, Ulmus Investment and Korea Development Bank.
Anipen, a deep learning-based metaverse platform developer, said it will use the fresh funding to expand its metavese content services and strengthen partnership with various companies.
The startup, founded in 2013, is known for its flagship service AnibeaR, a three-dimensional mobile application that lets users create AR-infused video content, according to the report.