Coinflex – DIGIT INFO

CoinFLEX creditors dissatisfied with restructuring to OPNX: Report

DIGIT — Thu, 23 Nov 2023 13:15:11 +0000

CoinFLEX creditors claim former CEO Mark Lamb and the OPNX exchange “misappropriated” their assets in a court filing.

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OPNX gets EU spot crypto trading license in Lithuania

DIGIT — Wed, 08 Nov 2023 14:30:15 +0000

Kyle Davies’ and Su Zhu’s OPNX exchange acquired a Lithuania virtual asset license to offer spot trading in the EU.

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OPNX CEO scolds claimed backers after some deny investing in the firm

DIGIT — Mon, 24 Apr 2023 02:24:56 +0000

OPNX chief Leslie Lamb called out a number of venture capital firms on Twitter after some rushed to distance themselves from the company.

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Defunct Crypto Hedge Fund Three Arrows Capital Founders Seek $25 Million to Start New Exchange Amid Scrutiny

DIGIT — Mon, 16 Jan 2023 18:30:58 +0000

According to reports, the founders of the now-defunct crypto hedge fund Three Arrows Capital (3AC) are seeking to raise $25 million from investors to start a new crypto exchange called GTX. This solicitation for new capital comes after 3AC co-founders Su Zhu and Kyle Davies were subpoenaed over the social media platform Twitter. Pitch Deck […]

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Coinflex plans give 65% of company to creditors as part of restructuring proposal

DIGIT — Thu, 22 Sep 2022 17:30:00 +0000

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.

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CoinFLEX announces staff cuts as part of measures to reduce costs by up to 60%

DIGIT — Fri, 29 Jul 2022 19:04:27 +0000

“The intention is to remain right-sized for any entity considering a potential acquisition of or partnership opportunity with CoinFLEX,” said the exchange.

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CoinFLEX to begin arbitration for $84 million recovery and open limited withdrawals

DIGIT — Mon, 11 Jul 2022 03:07:56 +0000

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 unnamed whale.

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CoinFlex CEO says withdrawals unlikely to resume on Thursday

DIGIT — Thu, 30 Jun 2022 05:33:20 +0000

CoinFlex CEO Mark Lamb said more time was needed before the exchange can reopen its platform for user withdrawals.

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Roger Ver denies CoinFLEX CEO’s claims he owes firm $47M USDC

DIGIT — Tue, 28 Jun 2022 22:14:43 +0000

Not mentioning CoinFLEX by name, Roger Ver said he had not “defaulted on a debt to a counter-party,” and alleged the platform owed him “a substantial sum of money.”

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CoinFLEX recovery plan includes tokenized bad debt and more yields

DIGIT — Tue, 28 Jun 2022 05:26:36 +0000

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.

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