People familiar with the matter: Cryptocurrency exchange Zipmex attempts to reorganize again

Cryptocurrency exchange Zipmex has proposed initially repaying debt to creditors at about 3.35 cents per dollar of claims as part of its restructuring proposal, people familiar with the matter said. Recent court documents show that the price of every dollar of debt may rise to 29.35 cents based on the recovery of Zipmex's revised $97.1 million debt restructuring plan. Major creditors are opposed to the plan and are pushing for an independent review of the reasons behind recent changes in Zipmex's assets and liabilities shown in documents, people familiar with the matter said. Voting on the company's latest repayment plan will last until early December. Zipmex Group CEO Marcus Lim said he could not comment on "ongoing planning arrangements as they are confidential." He said there were inaccuracies in information obtained from people familiar with the matter, but added that he would not comment on this. (Bloomberg)