According to Bloomberg News, cryptocurrency exchange Zipmex is in advanced talks with venture capital fund V Ventures about selling a majority stake in the company. “The company is on track to sign on Friday, but terms are still being negotiated,” a marketing spokesperson told CoinDesk on Wednesday. The transaction’s value is unknown. The exchange, which provided crypto trading and investment services in Thailand, Indonesia, Singapore, and Australia, halted withdrawals after Babel Finance and Celsius Network failed to repay $53 million in loans during a crypto sector downturn. After filing for creditor protection in July, Zipmex hired a restructuring firm to help with a recovery plan in August.
