Crypto exchange CoinFlex won’t lift withdrawal freeze just yet, despite ‘significant progress’ in fundraising for bailout tokens, CEO says – CNET – ApparelGeek

Crypto exchange CoinFlex, which has halted user withdrawals since June 23, will not lift the freeze on Thursday as originally planned, Mark Lamb, the company’s chief executive, told CNET. The exchange attempted to raise $47 million in USDC USDCUSD stablecoin,since Tuesday through the sale of a token called Recovery Value USD, or rvUSD, in an … Read more

One of Crypto’s Biggest Names Defaulted on $47 Million USDC Debt, Says Coinflex – CNET – ApparelGeek

Chief executive of crypto exchange CoinFlex, Mark Lamb, said on Tuesday that he issued a notice of default to Roger Ver, an early crypto investor and chief executive of Bitcoin.com, alleging that Ver n failed to respond to a margin call and owed the exchange $47 million USDC. Lamb made the comments on Twitter after … Read more

CoinFLEX turnaround plan akin to a scam, observers say

CoinFLEX turnaround plan akin to a scam observers say

The crypto derivatives and yield platform CoinFLEX aims to transform the debt of one of its clients (presented as “very honest”) into a token called Recovery Value USD (rvUSD) in order to finance the withdrawals of other clients. This strategy is not unanimous. Source: Adobe/Web Buttons Inc. The exchange will issue 47 million rvUSD at … Read more

CoinFLEX Becomes Latest Crypto Exchange To Stop Withdrawals

Cryptocurrency futures exchange CoinFLEX has suspended all withdrawals on the platform due to the current extreme market conditions and issues involving a counterparty. 3AC is not the cause of the suspension of CoinFLEX CoinFLEX CEO Mark Lamb broke the news in a blog post on Thursday (June 23, 2022), which reads: “Due to extreme market … Read more

Fall of cryptocurrencies: Coinflex, next CeFi disaster approaching?

Fall of cryptocurrencies Coinflex next CeFi disaster approaching

The CeFi no longer knows where to go – The price of Bitcoin (BTC) and other cryptocurrencies recorded a sudden fall, those last weeks. This impacted both individual and institutional investors. So after Celsius Where BlockFiit’s the turn of Coinflex to find oneself in the heart of the turmoil. Small on Coinflex and its flexTokens … Read more

Échange De Crypto-monnaie CoinFLEX Suspend également Les Retraits | En Raison De La Chute Des Prix ? – Tech Tribune France

Echange De Crypto monnaie CoinFLEX Suspend egalement Les Retraits En

L’échange de crypto-monnaie CoinFLEX est la dernière plate-forme à suspendre les retraits de ses utilisateurs au milieu de la baisse continue des prix de ces actifs numériques. Les prix des cryptos ces jours-ci ont creusé leur écart par rapport à leurs chiffres les plus élevés de tous les temps lors de leur pic. (Photo : … Read more