CoinFLEX Halts Withdrawals, Citing ‘Uncertainty’ Around Unnamed Counterparty

CoinFLEX Halts Withdrawals, Citing ‘Uncertainty’ Around Unnamed Counterparty

From blockworks.co

CoinFLEX has suspended all withdrawals in the latest instance of an exchange going offline amid turbulent trading. Customers can continue to trade and deposit, but no funds can be taken off the platform, the company said in a statement Thursday. “Due to extreme market conditions last week & continued uncertainty involving a counterparty, today we are announcing that we are pausing all withdrawals,” the exchange wrote. “We fully expect to resume withdrawals in a better position as soon as possible.” The exchange also halted trading of all of its in-house FLEX tokens. The unnamed counterparty is not Three ... (full story)

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