Southeast Asian cryptocurrency exchange Zipmex has been approved by the Singapore court to extend the creditor protection period until April 2, 2023. In addition, any acquisitions of Zipmex must be completed before December 21. Foresight News previously reported that Zipmex may sign a rescue plan worth more than $100 million, in which V Ventures, a venture capital firm founded by Thai billionaire and coffee king Prayudh Mahagitsiri's son Chalermchai Mahagitsiri, will lead the rescue plan in exchange for Zipmex 90% of the shares.