The Thai SEC has ordered Zipmex to suspend operations and put its finances in order within 15 days.

According to Finance Feeds, the Thai Securities and Exchange Commission has asked the cryptocurrency exchange Zipmex to suspend its digital asset trading and brokerage services.

As of February 1, the Thai Securities and Exchange Commission found that Zipmex had failed to meet the requirements.

Zipmex must correct its financial situation and take steps to prevent the misuse of customer funds within 15 days, and can only resume normal operations after obtaining approval from the Thai Securities and Exchange Commission.