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Despite Zipmexs Issues, CEO Marcus Lim Won’t Resign

The Founder and CEO of the Thai-based crypto platform Zipmex Marcus Lim said he’ll stay static in charge of the business unless the brand new major shareholders force him to resign. The firm halted customer withdrawals last month, however the executive vowed to reimburse all affected users.

  • It really is safe to state that Zipmex experienced some severe challenges due to the ongoing bear market. Last month, it halted client withdrawals and disclosed a multi-million contact with troubled firms Babel Finance and Celsius Network.
  • Soon after, the crypto exchange filed for moratorium relief to avoid its creditors from making claims for another half a year.
  • The turbulence led to panic among clients, plus some of these asked the CEO Marcus Lim to step down from his post. In accordance with them, his poor management decisions caused Zipmexs problems.
  • In a recently available interview for The Australian Financial Review, Lim asserted he’ll not resign until all lost funds are reimbursed with their holders. In achieving this goal, the CEO intends to create in new majority shareholders.
  • Once this goal gets reached, Lim said he and Co-Founder Akalarp Yimwilai will step down, assuming the clients still insist upon their resignations:

    Should this happen, my co-founder Akalarp [Yimwilai] and I’ve managed to get clear that people will fully cooperate using them and their wishes in the case they might be searching for a management change.


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