July 21 (Reuters) – Southeast Asia-focused cryptocurrency exchange Zipmex has suspended withdrawals, the company said in a tweet on Wednesday, in the latest sign of tension in the crypto sector in trouble.
Zipmex cited “volatile market conditions and resulting financial difficulties for our major trading partners” for the suspension.
Zipmex and its CEO did not immediately respond to requests for comment.
Join now for FREE unlimited access to Reuters.com
Reporting by Alun John and Chen Lin Editing by Shri Navaratnam
Our standards: The Thomson Reuters Trust Principles.