Cryptocoins News / The Cointelegraph - 1 year ago
CoinFLEX creditors claim former CEO Mark Lamb and the OPNX exchange “misappropriated” their assets in a court filing. Some creditors of cryptocurrency futures exchang...
Bitcoin News / Bitcoinist - 1 year ago
In a revelation brought to light by an account on X (formerly Twitter) under the name “CoinFLEX Real,” allegations have emerged indicating that the founder of CoinFLEX, a derivatives exchange based in Hong Kong, along with their partners...
Bitcoin News / Google News Bitcoin - 1 year ago
CoinFLEX Founder Offers Bitcoin Evangelist Roger Ver ‘Olive ...& & Decrypt
Bitcoin News / Google News Bitcoin - 1 year ago
CoinFLEX Founder Offers Bitcoin Evangelist Roger Ver ‘Olive Branch’ to Settle Alleged $84M Debt& & Decrypt
Cryptocoins News / EthereumWorldNews - 1 year ago
Summary: The latest crypto venture of Su Zhu and Kyle Davies, dubbed OPNX, opened its doors to customers on Tuesday.Former executives from now-bankruptcy digital asset companies CoinFLEX and Three Arrows Capital form the ranks of the new crypto...
Cryptocoins News / The Cointelegraph - 1 year ago
Seychelles courts have approved a plan that would give 65% of the company to creditors and 15% to employees as CoinFLEX is said to transition into the Open Exchange. C...
Cryptocoins News / EthereumWorldNews - 1 year ago
Summary: A Seychelles court approved the restructuring plan submitted by embattled crypto exchange CoinFLEX.Trading for locked assets like LUSD and LETH remain halted until 24 hours after the court issues a written order expected later this week...
Cryptocoins News / The Cointelegraph - 1 year ago
The exchange will allow crypto bankruptcy claims to be traded, according to an official Twitter announcement. A crypto exchange project initially proposed by 3AC and C...
Cryptocoins News / The Cointelegraph - 1 year ago
The pitch deck for the exchange was leaked to the media and had been criticized for involving failed crypto hedge fund Three Arrows Capital. Amid mounting criticism on...
Cryptocoins News / The Cointelegraph - 1 year ago
According to the project’s pitch deck, the company intends to launch as soon as possible and estimates the claims market to be worth around $20 billion. The founders...
by COINS NEWS - 1 year ago
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Cryptocoins News / Blockchain - 1 year ago
The creators of bankrupt crypto hedge firm 3AC are raising funds for a new cryptocurrency exchange. Their pitch deck seeks $25 million. Presentations call the new exchange GTX. On June 27, 3AC went bankrupt, and Su and Davies disappeared. (Read More)
by COINS NEWS - 2 years ago
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Cryptocoins News / Blockchain - 2 years ago
CoinFlex may be getting headway with respect to its restructuring plans as the majority of its creditors are backing the idea as revealed in early voting. (Read More)
Bitcoin News / Bitcoinist - 2 years ago
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 released its restricting plan. The crypto winter in...
Cryptocoins News / The Cointelegraph - 2 years ago
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. Cry...
Cryptocoins News / Blockchain - 2 years ago
CoinFLEX said that creditors will own 65% of the company. While, the company's team will be allocated 15% of the remaining shares, to vest over time in an employee share option program (ESOP). (Read More)
Bitcoin News / Google News Bitcoin - 2 years ago
Crypto Futures Exchange CoinFLEX To Lay Off Employees As It Fights Legal Battle With ‘Bitcoin Jesus’& & The Daily Hodl
Cryptocoins News / Blockchain - 2 years ago
Updating its users on the latest for the week, cryptocurrency exchange CoinFLEX has announced that it is cutting down on its staff strength (Read More)
Cryptocoins News / CoinJournal - 2 years ago
CoinFLEX co-founders& Sudhu Arumugam and Mark Lamb say the goal is to be lean staff-wise and to remain ‘right-sized’ should potential acquisition proposals come in. Crypto exchange CoinFLEX has announced that it has cut its headcount...
Cryptocoins News / The Cointelegraph - 2 years ago
“The intention is to remain right-sized for any entity considering a potential acquisition of or partnership opportunity with CoinFLEX,” said the exchange. Cryptocurre...
Cryptocoins News / EthereumWorldNews - 2 years ago
Summary: The CoinFLEX team has announced that it has laid off a significant portion of its team to cut operational costs by 50 to 60%. CoinFLEX has also made cuts in non-staff costs. The team explained that the cost-cutting was meant to transform th...
Bitcoin News / Google News Bitcoin - 2 years ago
CoinFLEX Announces 'Significant' Layoffs Amid $84M Dispute With 'Bitcoin Jesus'& & Decrypt
Cryptocoins News / NewsBTC - 2 years ago
The infamous Roger Ver is back in the headlines for all the wrong reasons. Like many players in the industry, the derivatives exchange CoinFLEX recently ran into financial trouble. Surprisingly, they blamed it all on Roger Ver and the circus started...
Cryptocoins News / Blockchain - 2 years ago
According to Bloomberg News, CoinFlex will allow users to later withdraw 10% of their balance after suspending withdrawals last month. On June 29, CoinFlex CEO Mark Lamb revealed on Twitter that cryptocurrency investor Roger Ver owes the company $4...
