Zipmex Offers Plan to Creditors for Recovery of Digital Assets

02/16/2023 00:48 • Blockchain Buzz • 150 views

On February 16, Zipmex said in its announcement that it had sent a new plan to eligible creditors of all companies through its plan manager KordaMentha. Creditors must vote on the plan before February 21, 2023. If the plan is approved and the cryptocurrency completes its pending investment transaction, “they will obtain 100% of digital assets in Z Wallet”.

Zipmex sent a new plan to creditors for voting, saying that it is possible to recover the withdrawal of Z wallet 100%

Interpret the above information:

Zipmex, a digital asset trading platform, recently announced a new plan to eligible creditors of all companies through their plan manager, KordaMentha. The plan offers a path for creditors to recover their digital assets held in Z Wallet.

According to the announcement, creditors must vote on the plan before February 21, 2023. If the plan is approved and the pending investment transaction is completed, the creditors will obtain 100% of the digital assets in Z Wallet. This is welcome news for creditors who have been worried about the recovery of their digital assets.

The plan offers a ray of hope for creditors who have been waiting for a resolution for a long time. The announcement is understandably vague about the specifics of the plan. Nevertheless, this development will give hope to creditors who have had limited recourse so far.

The announcement also highlights the importance of plan managers in a bankruptcy case. Plan managers play a critical role in facilitating communication between the debtor and the creditors. They are responsible for developing and implementing a plan that will enable the debtor to reorganize and emerge from bankruptcy.

In this case, the plan manager, KordaMentha, will be responsible for distributing the plan to the creditors and communicating with them during the voting process. They will also oversee the investment transaction, assuming it is approved, which will enable the transfer of digital assets to the creditors.

The announcement is a reminder of the risks involved in digital asset trading. Although digital assets have some advantages over traditional assets, such as lower transaction fees and greater liquidity, they are not exempt from the risks of fraud, theft, and bankruptcy.

In conclusion, Zipmex’s plan is a significant development in the efforts to recover digital assets held in Z Wallet. Although the plan is still subject to creditor approval, it offers a path to recovery that was not available before. This development underscores the importance of plan managers in facilitating communication between debtors and creditors and developing plans to resolve bankruptcy cases.

This article and pictures are from the Internet and do not represent SipPop's position. If you infringe, please contact us to delete:https://www.sippop.com/740.htm

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.