CoinFLEX creditors dissatisfied with restructuring to OPNX: Report
CoinFLEX creditors claim former CEO Mark Lamb and the OPNX exchange “misappropriated” their assets in a court filing.
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OPNX gets EU spot crypto trading license in Lithuania
Kyle Davies’ and Su Zhu’s OPNX exchange acquired a Lithuania virtual asset license to offer spot trading in the EU.
OPNX CEO scolds claimed backers after some deny investing in the firm
OPNX chief Leslie Lamb called out a number of venture capital firms on Twitter after some rushed to distance themselves from the company.
Coinflex plans give 65% of company to creditors as part of restructuring proposal
Subject to a vote and court approval, the plan proposed CoinFlex creditors own 65% of the company, while its team members be allocated 15% of the company's shares.
CoinFLEX Makes “Significant” Staff Cuts Due to Recovery Costs
CoinFLEX has announced that it will lay off a significant portion of its team as it attempts to recover from insolvency and compensate users who are unable to withdraw their...
CoinFLEX announces staff cuts as part of measures to reduce costs by up to 60%
“The intention is to remain right-sized for any entity considering a potential acquisition of or partnership opportunity with CoinFLEX,” said the exchange.
CoinFLEX Reopens Limited Customer Withdrawals
Troubled crypto exchange CoinFLEX reopened withdrawals today, allowing users to withdraw 10% of their balance. Customers Can Withdraw 10% of Balance After three weeks of suspended services, CoinFLEX will now...
CoinFLEX to begin arbitration for $84 million recovery and open limited withdrawals
CoinFLEX is moving quickly to retrieve as much liquidity as it can from a debacle that has left it $84 million short due to a delinquent account held by an…
CoinFlex CEO says withdrawals unlikely to resume on Thursday
CoinFlex CEO Mark Lamb said more time was needed before the exchange can reopen its platform for user withdrawals.
Roger Ver denies CoinFLEX CEO’s claims he owes firm $47M USDC
Not mentioning CoinFLEX by name, Roger Ver said he had not “defaulted on a debt to a counter-party,” and alleged the platform owed him “a substantial sum of money.”