4u Created
Image default
Business

Thai VC fund acquires troubled exchange Zipmex for $100M: Report By Cointelegraph




After weeks of negotiations on a potential buyout of Zipmex, venture capital fund V Ventures has reportedly reached a deal to acquire the embattled cryptocurrency exchange.

V Ventures, a subsidiary of Thoresen Thai Agencies (TTA) public company, is looking to purchase a 90% stake in the Zipmex crypto exchange, Bloomberg reported on Dec. 2.