Coinflex is rebranding to Open Exchange (OPNX), Kyle Davies and Su Zhu’s latest crypto venture. New CEO Leslie Lamb shared the news on LinkedIn. The exchange, intended for trading claims a...
Tag: Coinflex
CoinFLEX restructuring approved in Seychelles as rebranding reportedly continues
Crypto investment platform CoinFLEX has received approval for its restructuring plan from the courts in Seychelles, the company announced March 7 on its blog. The courts are expected to publish the o...
Seychelles Court Approves CoinFLEX Restructuring Plan
A Seychelles court has approved the restructuring plan tabled by the Hong Kong-based crypto derivatives exchange CoinFLEX, the company said in a statement Tuesday. “We are pleased to confirm that on M...
CoinFLEX restructuring plan approved: FLEX price explodes
The price of FLEX (FLEX/USD), the native token of cryptocurrency exchange CoinFLEX, has soared to a daily high of $2.06. The sudden surge came against the backdrop of CoinFLEX getting approval for a r...
Coinflex says restructuring plan is approved by Seychelles court
Courts in the Seychelles, where crypto exchange Coinflex is based, approved its restructuring plans on Monday, according to a statement from the company. The court may publish the written order ...
Does Blockchain(dot)com Really Owe $4 Million To CoinFLEX?
CoinFLEX and Blockchain(dot)com reportedly signed an AMM+ Participation Agreement blockchain(dot)com has until March 7 to certify its return to the FLEX coins. Nine Yards Chambers LLC, a Singapore-bas...
CoinFLEX Wants $4.3 Million Back From Blockchain.com
Join Our Telegram channel to stay up to date on breaking news coverage Cryptocurrency exchange CoinFLEX has said that it will start legal proceedings if Blockchain.com fails to refund $4.3 Million wor...
CoinFLEX Claims Blockchain.com Owes Over $4.3M in FLEX
Crypto exchange CoinFLEX is demanding that Blockchain.com return $4.3 million worth of FLEX coins or face legal proceedings, claiming it lent the Luxembourg-based financial services company a combined...
CoinFLEX Claims Blockchain.com Owes 3M FLEX Coin Worth about $4.3M
Blockchain.com has, however, disputed the claims by the CoinFLEX exchange, citing that there are no documentations or on-chain data to support the argument. A Singapore-based law firm, Nine Yards Cham...
Does Blockchain.com Owe CoinFLEX Nearly $4.3M in FLEX tokens?
Join Our Telegram channel to stay up to date on breaking news coverage Online publication Decrypt reports that cryptocurrency exchange CoinFLEX claims it gave the Luxembourg-based financial services b...
Arthur Hayes Takes Dig at 3AC and CoinFLEX Founders Over GTX Funding
2 hours ago | 2 mins read Exchange News By the end of February, the exchange’s founders want to have marketed themselves. Comparisons between GTX and FTX began to circulate around the crypto community...
CoinFLEX Defends Controversial ‘GTX’ Venture with 3AC Founders
CoinFLEX is justifying its new potential venture “GTX” with Three Arrows Capital (3AC), saying the plans represent an evolution of its own goals. A pitch deck leaked on Jan. 16 showed CoinFLEX plans t...
CoinFLEX Attempts to Clarify GTX Story After Being Met With Derision
According to CoinFLEX leadership, “there has been media speculation” on the subject of the new exchange they are building, tentatively named GTX. As previously reported by CryptoPotato, the tentative ...
John Reed Stark Mocks 3AC’s New Exchange CoinFLEX
John Reed Stark mocks bankrupt Three Arrow Capital and CoinFlex’s new venture. The partnership is looking to raise $25 million to fund a new exchange based on claims trading. The exchange will offer F...
CoinFLEX partners with 3AC to raise funds for its new exchange platform
4 hours ago | 2 mins read Exchange News Exchange is to be named “GTX”, where it is believed to be the spin on the defunct FTX. GTX enables its users to trade using their claims. 3AC (Three Arrows Cap...
3AC and Coinflex founders join hands to launch new crypto exchange
3AC founders have teamed up with Coinflex’s founders to raise money for a new crypto exchange. The crypto industry welcomed the new venture with considerable criticism. Su Zhu and Kyle Davis, the men ...
CoinFLEX could drive up creditor equity value via GTX venture — and rebrand
CoinFLEX could indirectly compensate its creditors with equity value resulting from the launch of the newly-unveiled GTX exchange, according to a Jan. 16 statement. The company made several statements...
GTX: A New Beginning for 3AC & CoinFLEX Founders Amid Criticism
Founders of 3AC and CoinFLEX together launch a new project called “GTX.” This surprising collaboration also focuses on raising a seed fund for $25 million. The crypto community was enraged by this out...
CoinFLEX attempts to hose down backlash over proposed new 3AC project
Amid mounting criticism on social media, crypto investment firm CoinFLEX has attempted to clarify its plans to build a new crypto exchange with Three Arrows Capital (3AC). A leaked pitch deck on Jan. ...
3AC, CoinFLEX co-founders looking to raise $25M for new crypto exchange
Defunct Three Arrows Capital’s (3AC) co-founders Kyle Davies and Su Zhu — along with CoinFLEX co-founders Mark Lamb and Sudhu Arumugam — are looking to raise about $25 million to launch a new cr...
Coinflex says new exchange with 3AC founders won’t use GTX name after Twitter ridicule
Coinflex said that a proposed exchange for trading claims won’t use GTX for its name after a proposal to raise $25 for the project had been widely mocked on Crypto Twitter. “Buildin...
CoinFLEX Announces Major Reform to Its Business Model
[PRESS RELEASE – Seychelles, Seychelles, 31st October 2022] Cryptocurrency futures exchange CoinFLEX is restructuring to issue the majority of its shares to customers and adopt a community-led model. ...
CoinFlex creditors overwhelmingly back restructuring plan in early voting
CoinFlex’s creditors have overwhelmingly backed the Seychelles-based crypto exchange’s restructuring plans in the early hours of voting on the proposals. After almost five hours of voting...
CoinFlex Creditors Backs Company’s Restructuring Plans
With the embattled cryptocurrency trading platform, CoinFlex may be getting headway with its restructuring plans as most of its creditors are backing the idea, as revealed in early voting. According ...
Crypto Exchange CoinFLEX Plans For Restructuring
CoinFLEX is one of the crypto exchanges that suffered during the bearish trend and is currently paving for restructuring. Following its filings for reorganization at s Seychelles court, the exchange r...
CoinFLEX: A tale of suspension, struggles, and a fierce attempt at revival
Extreme market conditions and “continued uncertainty involving a counterparty” forced CoinFLEX to pause its operations on 23 June. However, the exchange, in a recent announcement, offered a peak into ...
Coinflex plans give 65% of company to creditors as part of restructuring proposal
Cryptocurrency exchange CoinFlex announced a structuring proposal in response to user feedback following the platform experiencing liquidity issues. In a Wednesday blog post, CoinFlex said under the p...
CoinFLEX Invites Creditors to Take the Biggest Part of Them
CoinFLEX has proposed a restructuring plan that would see creditors own 65% of the company. The plan, which faces a vote next week, would result in series A shareholders losing their stake in the comp...
CoinFLEX Announces Restructuring Proposal, Allocating 65% Shares to Creditors
CoinFLEX on Wednesday announced a restructuring proposal and the next immediate steps the crypto exchange will take. The company released a term sheet in which it said that creditors will own 65% of t...
Crypto Exchange CoinFlex Proposes Restructuring Plan
Beleaguered cryptocurrency exchange CoinFLEX has released a restructuring plan more than a month after filing for the same at a Seychelles court. It was one of the several firms to have gone into rest...