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…
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CoinFLEX Halted Crypto Withdrawals. Now It Wants to Sell Its Bad Debt
CoinFLEX plans to sell $47 million worth of high-yielding tokens to recoup missing funds and resume withdrawals after a trusted client failed to meet a margin call last Thursday. CoinFLEX...
CoinFLEX recovery plan includes tokenized bad debt and more yields
The crypto lender issued a no-liquidation account to an unnamed whale on the condition that the account would never go negative, but that plan has backfired.