According to CoinMeta, and as reported by Bloomberg, the Malaysian company AI has encountered severe financial difficulties along with blockchain infrastructure firm Zetrix AI. Since 2026, the company's market value has shrunk by over 90%, from a peak of approximately 10.5 billion ringgit in 2018 to around 430 million ringgit at present. The founder Wong Thean Soon was forced to sell about 2.22 billion shares of the company between June and October this year due to additional margin requirements for stock pledged loans, resulting in the loss of his position as the largest shareholder and triggering equity restriction clauses related to Islamic bonds. On November 6th, the company failed to make the payment of 25 million ringgit on its bonds on time, and the rating agency MARC has downgraded its bond rating to a default level. Zetrix previously participated in the construction of Malaysia's national blockchain infrastructure (MBI), and its blockchain technology was also used in the ringgit-stabilized coin project RMJDT supported by the Sultan of Johor, Tunku Ismail.