Marcus Lim, the man at the helm of affairs in Zipmex, insists he won’t resign his position despite mounting pressure for him to do so.
Agitations of poor management and a clamour for outright resignation, have continued to pour in against Marcus Lim, CEO of Zipmex (a leading cryptocurrency exchange in Thailand). The firm’s boss disagrees with his critics, insists he will maintain his position, and promises to remit all that the company owes them.
The Trail of Lim’s Ordeal
- Zipmex’s current predicament is not strange. Like many exchanges around the world, it is bearing the scars of a continuing slump. Consequently, it imposed a freeze to prevent further pullouts of investors’ funds.
- It then consolidated on the first move by legally putting a suspension on the right of clients from redeeming their assets for at least six months from now.
- These actions roused a certain consciousness among the stakeholders and as an indication of their frustruation, some are calling for the resignation of the Zipmex CEO, who they believe has shown indiscretion in handling the company’s problems.
- Despite the increasing agitations and expressions of disappointment thrown at him, Lim insists he will not bow out of office. His excuse is that he needs to recover all the lost revenues and ensure that each investor is repaid. He plans to achieve this by bringing a new set of partners into Zipmex.
- Perhaps, Lim reasons that the success of what he plans to do will assuage the feelings of his outraged clients but if after achieving this, they insist on a change in management, he promises to step down along with Akalarp Yimwilai, who was one of the founding partners of Zipmex in 2018.
