Zipmex, once a leading crypto exchange in Southeast Asia, faced a dramatic downfall after freezing withdrawals due to exposure to high-risk lenders like Babel Finance and Celsius. The fallout triggered regulatory investigations across Thailand, Singapore, and Indonesia. (Source: Bangkok Post)
What Went Wrong:
• Poor Risk Assessment: Heavy reliance on high-risk lenders without adequate safeguards.
• Regulatory Scrutiny: Operating across multiple jurisdictions posed compliance and oversight challenges.
• Investor Distrust: Lack of transparency led to eroded credibility and lost customer loyalty.
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Scroll down to explore the lessons learned and how to protect your business from similar setbacks.
