CoinFLEX Plans To Raise Missing Funds With New Token

From blockworks.co

Four days after suspending withdrawals following an unnamed counterparty’s unmet margin call, cryptocurrency exchange CoinFLEX will be issuing a new token with the hopes of raising $47 million. “We’re turning a problem into an opportunity,” Mark Lamb, CEO of CoinFLEX said during an interview with Bloomberg Monday. The token will have a 20% yield, and, if the full amount of $47 million is raised, all CoinFLEX users will be able to withdraw their funds in full, Lamb said. “There’s other options being made available as well — we’re going to do everything possible to ensure that users funds are made whole ... (full story)