According to Bloomberg, Malaysian AI and blockchain infrastructure company Zetrix AI is facing severe financial difficulties, with its market capitalization shrinking by over 90% since 2026, from a peak of approximately RM10.5 billion in 2018 to approximately RM430 million currently. Founder Wong Thean Soon was forced to sell approximately 2.22 billion shares between June and October this year due to margin calls on stock-pledged loans, losing his position as the largest shareholder and triggering equity constraint clauses related to Islamic bonds. On November 6, the company failed to make a RM25 million bond payment on time, and rating agency MARC downgraded its bond rating to default level. Zetrix previously participated in the construction of Malaysia's national blockchain infrastructure (MBI), and its blockchain was also used in the RMJDT stablecoin project backed by Johor Regent Tunku Ismail. https://(wublock123.com)/news/zetrix-ai-market-cap-plunges-90-plus-2500k-myr-bond-default-71891