Over the past 1 year, investing in digital assets It is a hot option that investors of all ages are highly interested in. Even though the current is a downtrend But this is normal. During this period, there are still some investors taking the opportunity to buy more. because it is believed that in the future the price will increase for sure
But last week, unexpected news occurred when Zipmex Company Limited (Zipmex) Digital Asset Exchange Licensee Has issued an announcement to suspend the withdrawal of baht and digital assets of Zipmex. In the evening of July 20 This has caused a wave of criticism against the investment confidence of digital assets. that may affect other digital assets available in the Thai market as well
Many parties began to panic. especially the investor group Concerned that the case zip mex It could be a domino effect signal of a sharp fall in the cryptocurrency market and the future could be ruined.
Eklarp Yimwilai Chief Executive Officer of Zipmex Thailand revealed that the reason for the suspension of withdrawals of baht and cryptocurrencies was caused by the company having problems with the product. Zip Up Plus (Zipup+) which is a program that allows investors to deposit coins with zipmex global (Zipmex Global) to earn 10% annual return
But because the partners are Babel Finance (Barbel Finance) that took deposits worth $48 million; and celsius network (Celsius Networks) worth $5 million Converted into Thai currency with a total value of 1.8 billion baht, both of which are investors in foreign digital assets. faces severe liquidity problems
by Celsius Network to the point of declaring bankruptcy Reflecting that right now, it’s a downtrend in the digital currency. As many scholars have commented
from this event Zipmex Thailand will file a lawsuit against the Zipmex Global Babel Finance and celsius network to restore digital assets back to customers and ready to litigate a group lawsuit if the customer wants to sue The company will pay all expenses. If in the event that the litigation is ineffective will negotiate to sell the company to bring money back to customers
“I as the CEO And the Zipmex team is working to the best of their ability to resolve the issue. I didn’t run away with progress report create transparency and take responsibility for everything that happens.” Zipmex CEO Pledges
while large regulators such as the Ministry of Finance As soon as he heard the news, he was not calm. Kritsada Chinachana The Permanent Secretary for Finance said Magic Termpittayapaisit The Minister of Finance has called Miss Ruenwadee Suwanmongkol The Secretary-General of the Securities and Exchange Commission (SEC) came to explain the details of the said case. and ordered The SEC has issued a written report back to the Ministry of Finance.
In addition, it has also instructed the SEC to supervise digital asset trading centers. to prevent widespread impact and the SEC to look at the details of the law; zip mex Bring investors’ deposits to invest in other businesses if it’s against the law or not. which must be considered in detail again
“After receiving the policy The SEC has issued a notice to inform investors immediately. But in the matter of details have to wait for a written report. The Minister of Finance expressed concern in this case. and follow closely Ready to inquire about the progress with the SEC from time to time.” Permanent Secretary provides information
The main regulator For example, the Office of the Securities and Exchange Commission (SEC), led by Miss Ruenwadee, recently held a meeting on July 25 with the Department of Special Investigation (DSI) and the Crime Suppression Division. about economic crimes
preliminary conclusion The SEC will integrate its work with law enforcement agencies. Because such cases may cause damage to many people. as well as having to consider that there is an offense under other laws or not how In addition to the offenses under the Digital Asset Business Royal Decree (According to Digital Assets Act) that the SEC has the power to act as a regulator
same day Victims of Digital Asset Investment from Zipmex They have gathered to call on the Technology Crime Investigation Division to expedite the resolution of the problem. especially financial problems arising from major business partners make coin withdrawal Bitcoin Ethereum USDT and USDC No, some investors were damaged.
Phataraset Phromsawat One of the victims provided information that the company had not yet filed a lawsuit. because they understand the situation of the economic crisis But I want a clear answer on how to solve the problem. despite the lack of confidence in the company
“Accept that every investment has risks. But choosing to invest with Thai companies because they have the SEC certified. So I think it’s easy to communicate. and have good marketing But when the parent company goes bankrupt Thai companies should also not disappear.”
At present, the total damages are more than 300 million baht from 500 accounts. It is estimated that there are more than 10,000 damages. Initially, the company sent representatives to discuss what to do next. The main goal is for the company to release the property locks back to the customers. to suppress the damage and remedy the effects that occur
side Naret Laopanrai Secretary General of the Thai Digital Asset Association comment Giving Zipmex Thailand a Way Through Investments to Continue Loan It’s like a loophole in the SEC’s regulations.
Investors know these conditions or not. There are both those who know and those who don’t know. Because when looking at the details of the application, it is not clear which part will be invested in. or write in a vague manner for investors to take risks and when the market is down You can see the dirt that is tucked in the carpet. But when the market was booming, no one noticed the anomaly. The higher the return, the more attractive. causing some lack of consciousness in investment
“What you need to know is First of all, do not invest all your money in crypto. Recommended for beginners who are less proficient. Don’t invest more than 30% in crypto, the rest will be invested in gold funds or buying land. and to play crypto Don’t just play on one platform.
“Including always having to think that in investment, the higher the return, the higher the risk. There’s no free stuff, you have to get something back. by the Thai Digital Asset Association Prepare to discuss whether there must be a third party to inspect the transactions of the digital asset trading center or not. to check exactly where the customer’s money is.” The secretary-general of the Thai Digital Asset Association recommends
Keep an eye on that How does this affect the digital asset market? And it’s a lesson in managing the financial system in a changing world.
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