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CoinFLEX
Bankruptcy Claims Exchange OPNX Issues New Governance Token, FLEX Rises 16%
FLEX holders can convert their tokens for OX at a ratio of 1:100.
Bankruptcy Claims Exchange OPNX Stumbles Out of the Gate
Less than two dollars worth of trades have been executed in the 24 hours after the exchange went live.
OPNX Exchange, Which Offers FTX Claims Trading, Led by Three Arrows Founders, Is Now Live
Users can get a 50% discount on trading fees if they hold FLEX tokens.
FLEX Token Rises 21% After CoinFLEX Restructuring Plan Approved
The crypto exchange filed for restructuring in August 2022 after suspending withdrawals earlier that summer.
Three Arrows Capital Founders Are Reportedly Pitching Investors
According to The Block, the founders of collapsed crypto hedge fund Three Arrows Capital (3AC) Su Zhu and Kyle Davies, along with CoinFLEX co-founders Mark Lamb and Sudhu Arumugam, are looking to raise funds for the launch of a new crypto exchange. "The Hash" panel discusses the details outlined in this report.
Crypto Futures Exchange CoinFLEX’s Creditors to Own 65% of Firm After Reorganization
CoinFLEX filed for a restructuring in the Seychelles during the summer after suspending withdrawals amid the volatile crypto market.
Crypto Futures Exchange CoinFLEX Files for Restructuring in Seychelles
The exchange will now seek approval from creditors for its restructuring plans.
Crypto Exchange CoinFLEX Slashes Team Amid Cost-Cutting Push
The "significant" downsizing will lower costs by about 50-60%, CoinFLEX said.
CoinFLEX Proposes Plan to Compensate Depositors, Restructure Business
The exchange wants to issue new recovery tokens and also give depositors equity in the firm and locked FLEX Coins.
CoinFLEX Restarts Withdrawals With 10% Limit
After suspending withdrawals in June, physical futures crypto exchange CoinFLEX is now allowing customers to withdraw 10% of their account balances, excluding its flexUSD (FLEXUSD) stablecoin. “The Hash” team weighs in on CoinFLEX’s latest guidelines and what it could mean for the crypto industry at large.
