Showing 1 - 3 of 3
Zipmex crisis creates toxic Thai legacy
Business, Poonyapat Luenam, Published on 12/08/2022
» Smith Chayavorakul had been investing in cryptocurrency for eight months, riding the boom-and-bust cycle of market prices. But things changed when the Singapore-based crypto exchange Zipmex prevented investors from making withdrawals after it was caught in the market meltdown.
Crypto bankruptcy adds to Thai woes
Business, Poonyapat Luenam, Published on 16/07/2022
» The collapsing value of Thai digital assets has been exacerbated by the bankruptcy of US-based Celsius Network, following months of rapidly deteriorating sentiment in the global and domestic cryptocurrency markets and a series of insolvencies among high-profile crypto lenders.
3AC defaults on loan worth $670m
Business, Poonyapat Luenam, Published on 29/06/2022
» Three Arrows Capital (3AC), a prominent crypto hedge fund, defaulted on a loan worth over US$670 million, prompting a steep fall in Bitcoin's price to below $21,000.