Crypto trading platform, CoinFLEX, has issued a statement after admitting a “lack of responsiveness in the last two weeks.” The two co-founders, Sudhu Arumugam and Mark Lamb, announced commencing arbi...
Tag: Coinflex
CoinFLEX outlines plan to recover $84 million, raise capital from new investors
Crypto exchange CoinFLEX has begun arbitration proceedings in Hong Kong to recover $84 million in losses from a client, it said in a blog post today. The company paused withdrawals last month after Co...
CoinFLEX to begin arbitration for $84 million recovery and open limited withdrawals
Crypto investment platform CoinFLEX is moving forward with its plan to reclaim $84 million in funds by starting arbitration procedures in Hong Kong against an individual account holder. Co-Founders Su...
CoinFLEX to Sue Robert Ver to Recover $84m Outstanding Debt
CoinFLEX, a Hong Kong-based physical futures crypto exchange, announced last Saturday that it has taken legal action to recover $84 million from a single long-term serving client. Last month, the exch...
Crypto Exchange CoinFlex Now Seeking to Recover $84 Million
(Bloomberg) — CoinFlex said it has taken legal action to recover $84 million in losses from a single customer and is in talks to sign a joint venture with another crypto exchange in a bid to rev...
CoinFLEX Claims Deficit Climbed to $84 Million in Fresh Update
12 seconds ago | 2 mins read Exchange News Recently, the exchange halted withdrawals on its platform. An arbitration proceeding in Hong Kong is underway against this person. In response to Roger Ver, ...
CoinFLEX to Sue Robert Ver For Margin Call Repayment
Derivatives exchange CoinFlex has said it will pursue legal action against Roger Ver, who failed to repay a $47 million margin call on a leveraged position collateralized by FLEX coin. Ver was an earl...
Roger Ver delivers ‘disappointing’ statement on unfolding CoinFLEX saga
Roger Ver gave his take on the CoinFLEX situation during the latest Bitcoin Cash Hangout session. Sadly, for everyone affected, Ver could not offer new information, saying legal agreements prevent him...
Crypto Weekly Roundup: Grayscale Sues SEC, BIS Softens Stance, Lazarus Behind Horizon Hack, Roger Ver Named In CoinFLEX Issues, FTX Closing On BlockFi, And More
The Horizon Bridge hack continues to be one of the leading news in the market right now. Blockchain analytics firm Elliptic has named the infamous North Korean hacker group Lazarus as the mastermind b...
CoinFLEX reveals Roger Ver as the counterparty responsible for its liquidity issues
Several cryptocurrency companies have been facing severe liquidity issues recently due to the state of the cryptocurrency market. Due to the low trading and overall bearish sentiments, there has been ...
This Is Why CoinFlex May Not Resume Crypto Withdrawals This Thursday
Crypto exchange, CoinFLEX might not lift the ban on user withdrawals just yet. The exchange had put a halt to crypto withdrawals last month and was supposedly ready to resume the withdrawals this week...
CoinFlex CEO Says Exchange Unlikely To Start Withdrawals Since Thursday As Originally Planned
On Wednesday, Mark Lamb, the CEO of CoinFlex, a crypto exchange, and popularly known as the “home of crypto yield” informed that the withdrawals will not start from Thursday, as per the original plan....
Restoring Withdrawals Could Take More Time Than Expected CoinFlex CEO Says Restoring Withdrawals May Take More Time
Crypto derivatives exchange CoinFlex is unlikely to restore withdrawal services on its platform on Thursday as promised by CEO Mark Lamb on Monday. Speaking to CNBC, Lamb clarified that the company ne...
CoinFLEX Takes U-Turn On Resuming Withdrawals, Here’s Why
After promising to resume withdrawals and restore full functionality by the 30th of June, CoinFLEX CEO Mark Lamb now tells CNBC that the exchange will likely not resume the withdrawals by Thursday. Co...
CoinFlex backtracks on resuming withdrawals
CoinFlex will likely not resume withdrawals for its users on June 30, CNBC reported, citing the exchange’s CEO Mark Lamb. Lamb said that the crypto derivatives exchange would not be resuming withdrawa...
CoinFLEX accuses Roger Ver of defaulting on a $47M loan
The CEO of the CoinFLEX cryptocurrency exchange, Mark Lamb, has released a post on his Twitter account accusing Roger Ver, also known as “Bitcoin Jesus,” of defaulting on a $47 million USDC margin cal...
CoinFlex CEO announces a shift in withdrawal date 1
CoinFlex CEO Mark Lamb has dropped a bombshell that traders with the crypto exchange platform will not take lightly. According to the update, the platform will no longer allow withdrawals on Thursday....
CoinFLEX CEO accuses investor Roger Ver of defaulting on $47 million loan
CEO of CoinFLEX Mark Lamb today accused investor Roger Ver of defaulting on a loan agreement worth $47 million in USDC. Lamb said Tuesday on Twitter that the contract required Ver to “guarantee ...
Roger Ver Owes CoinFLEX $47 Million: CEO
Alex Dovbnya Prominent Bitcoin entrepreneur and convinced felon Roger Ver has been served with a notice of default by CoinFLEX Cryptocurrency exchange CoinFLEX has served Bitcoin Cash promoter Roger V...
CoinFlex Alleges Bitcoin Investor Roger Ver Defaulted on $47M Debt
CoinFlex CEO Mark Lamb claimed Tuesday that Roger Ver owed the crypto futures exchange $47 million in USDC. Ver, an early bitcoin investor, denied the allegation and instead accused CoinFlex of owing ...
CoinFLEX Issues New Tokens Backed by a Crypto Whale – crypto.news
CoinFLEX, in response to its liquidity problems, has found an original solution to avoid the financial catastrophe: an unknown crypto whale has provided their personal guarantees to protect from poten...
CoinFlex CEO Vs Roger Ver, Who Owes Whom?
CEO of Cryptocurrency exchange CoinFLEX Mark Lamb, stated on Twitter that CoinFlex has issued Bitcoin Cash promoter Roger Ver a notice of default. According to Lamb, Ver defaulted on a loan agreement ...
CoinFLEX Says ‘Bitcoin Jesus’ Roger Ver Is Behind Its Withdrawal Troubles, $47M Debt
CoinFLEX—one of many crypto trading platforms to freeze customer withdrawals this month—isn’t facing an ordinary liquidity crunch. Rather, CEO Mark Lamb claims there is one man responsible for the pla...
Roger Ver Owes CoinFlex $47 Million in USDC, Says CEO
CoinFlex CEO Mark Lamb has revealed through a Twitter thread that crypto investor Roger Ver owes the company $47 million in USDC. The Bitcoin.com founder’s failure to repay CoinFlex has halted w...
CoinFlex Issues New Token by Offering 20% Annual Return amid Halting Withdrawals
CoinFlex has announced plans to raise funds by issuing a new token that will offer a 20% annual return, according to a report from Bloomberg. The new token is part of an effort to resume withdrawals f...
CoinFLEX CEO Accuses ‘Bitcoin Jesus’ Roger Ver Of Defaulting On $47 Million Debt
Today, Mark Lamb, CEO of the crypto exchange CoinFLEX said on his official Twitter account that Roger “Bitcoin Jesus” Ver had defaulted on a $47 million USDC margin call. According to Lamb’s statement...
Roger Ver Rumored To Be Individual That Owes CoinFLEX $47 Million
It has been revealed that Bitcoin Cash’s Roger Ver is the high net-worth (HNI) individual that owes CoinFLEX $47 million, leading to the withdrawal issues faced by the exchange and announcing plans to...
CoinFLEX recovery plan includes tokenized bad debt and more yields
Crypto investment platform CoinFLEX aims to rectify its liquidity shortage and restart user withdrawals by selling off bad debt through a new $47 million token offering. The new token is known as Reco...
CoinFLEX Launches $47 Million Token Recovery Plan to Resume Withdrawals
Last week, cryptocurrency derivatives exchange CoinFLEX joined a growing list of digital asset platforms to halt withdrawals due to market uncertainty and issues with its counterparty. The company has...
CoinFlex Plots to Resume Withdrawals by Issuing New Token for ‘Sophisticated Investors’
Barely after a week after suspending withdrawals, CoinFlex is hatching a plan to get back in the good books of customers. The firm eyes a resumption of withdrawals with the launch of a new token to st...
CoinFLEX CEO claims investor “Bitcoin Jesus” personally owes the exchange $47M USDC
Mark Lamb, CEO of CoinFLEX, tweeted June 28 that Roger “Bitcoin Jesus” Ver owes the exchange $28 million USDC and has been issued a notice of default. Roger Ver owes CoinFLEX $47 Million USDC. We have...
‘Bitcoin Jesus’ Roger Ver Spars With Crypto Exchange CoinFlex Over Margin Call
(Bloomberg) — A public dispute between a longtime crypto investor and a digital-asset exchange is the latest in a series of mini-crises that have rocked crypto markets in recent weeks. Most Read...