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BANGKOK (Reuters) –     Thailand’s Securities and Exchange co*mission said on Monday it was working with law enforcement to look into potential losses among the public after the crypto exchange Zipmex temporarily suspended withdrawals last week.

The SEC said in a statement it was asking impacted users of Zipmex to submit information via an online forum on how they had been affected by the problems at the platform.

The Southeast Asia-focused crypto exchange, which operates in Thailand, Indonesia, Singapore and Australia, suspended withdrawals last Wednesday.

Withdrawals resumed on the same the evening in Thailand and later on in other countries, except for transfers from one investment product, which the co*pany later said had exposure worth $53 million in crypto lenders, Babel Finance and Celsius.

Celsius and Babel Finance are among several crypto players that have fallen into difficulties in recent months.

A Zipmex spokesperson said it was fully co*plying with SEC requests and has been actively speaking to government agencies.

The announcement co*es as crypto trading in Thailand has slowed and after Thai lender SCB X Pcl said ht**://classic.set.or.th/set/pdfnews.do?newsId=16572373881420&sequence=2022082576 it was extending the due diligence period for its $537 million acquisition of Thai crypto exchange, Butkub.    

Zipmex is the latest crypto firm to be face difficulties following a sharp sell off in markets that started in May with the collapse of two paired tokens, Luna and TerraUSD.

Zipmex holds a digital asset exchange and a digital asset broker license, the SEC website ht**://www.sec.or.th/en/pages/shortcut/digitalasset.aspx shows. At the weekend, the co*pany said in a Facebook post ht**://www.facebook.c**/zipmexasia/posts/pfbid0mwHXPYA2oMRgeRJvNLmDUvVinSDqywW1J6eSUAuR7ZNbZWgS8HC9TNp5rsSoxthyl it was exploring a deal with an “interested party.”

(Reporting by Chayut Setboonsarng; Editing by Ed Davies)