The Securities and Exchange Commission (SEC) has filed a criminal complaint with the Economic Crime Suppression Division (ECD Police), accusing Akalarp Yimwilai, a former chief executive of Zipmex Thailand, of presenting false statements to the public.
The SEC has reviewed information concerning Zipup/ZipUp+, a service that provides rewards in the form of bonuses to customers who use the Z Wallet on the Zipmex digital asset exchange platform in Thailand.
In March 2022, Zipmex announced a change to the terms and conditions of its ZipUp+ service provided via Zipmex Asia Pte Singapore (Zipmex Asia) and/or other affiliated companies, leading to a shutdown of the Z Wallet deposit and withdrawal system of Zipmex…
