V Ventures may provide 10% to 20% of debt repayment funds to Zipmex creditors

ChainCatcher news, according to The Block, V Ventures now only wants to repay 10% to 20% of the debts to the creditors of the Southeast Asian cryptocurrency exchange Zipmex, having previously promised to provide 100% of the funds for user fund repayment. Zipmex lawyer Morgan Lewis Stamford stated, "The subscriber is now only prepared to consider making concessions to the planned creditors, allowing for 10% to 20% repayment of the existing debts of the creditors."

ChainCatcher previously reported that V Ventures acquired 90% of Zipmex for approximately $100 million in digital assets and cash, which includes $30 million in cash, with the remainder in cryptocurrency. (The Block)