🚀DeFi lovers, gather 'round for a laugh!😂 Zipmex, the troubled crypto exchange, is proposing to pay its creditors a whopping 3.35 cents on the dollar💸 in its latest restructuring plan. But wait, there's more! That figure could skyrocket🚀 to 29.35 cents depending on debt restructuring recoveries. Major creditors aren't amused, though, and want a review of Zipmex's assets & liabilities.🕵️‍♂️

The Singapore-based exchange has $97.1M in debt, and its CEO claims Bloomberg's report has inaccuracies.🤔 Zipmex froze withdrawals in July 2022 after losing $48M to Babel Finance and having $5M exposure to bankrupt Celsius Network.🥶

They tried to secure a $100M deal with V Ventures, but it stalled after a missed payment.🤦‍♂️ So, what do you think? Will Zipmex rise from the ashes or continue to zip down?📉 Share your thoughts in the comments!👇 #DeFi #Web3 #ZipmexSaga