Decline in cryptocurrencies: Coinflex goes all-in on crypto

TributeThe cryptocurrency exchange CoinFLEX will release the funds locked on its platform once it has completed one alt i eight figures unless she manages to bend her former protege who put her in trouble.

A disaster that was nameless at CoinFLEX

No name, no head on a plate! The investor “is a person of high integrity with significant funds”, the idea of ​​delivering him to the press was simply unthinkable for CoinFLEX.

After all, the cryptocurrency exchange was only comprehensive the customer who was unable to honor a massive debta failure that strikes too much at a CoinFLEX already weakened by adverse market conditions.

The company had no choice but to close the taps to prevent a bleeding of cash. She has stopped withdrawals on its platformJune 23, 2022.

The measure is enough to scare other customers who have not asked for anything. However, these tensions did not justify the name of this investor “with significant holdings” in unicorns, not to mention his “large portfolio” exposed to the light of day.

He “is experiencing temporary liquidity problems due to a credit (and price) squeeze in crypto markets (and non-crypto markets)”, the explanation being enough, that might be enough.

CoinFLEX thus sacrificed on the altar of confidentiality, a transparency that could be crucial in times of crisis.

nothing shocking, business is business ? The company’s CEO, Mark Lamb, even went so far as to preach the good word, for men and women with little faith, the storm is (perhaps) only over.

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The price of freedom for a crypto exchange

“We’re turning a problem into an opportunity,” Mark Lamb said in an interview with Bloomberg on June 27, 2022.

To a unicorn owner who is unable to meet their financial obligations and customers who are only allowed to recover their own funds, CoinFLEX’s answer comes in two words: make rug.

The crypto exchange will issue its new rvUSD token, which gives a return of 20%to raise the modest sum of $ 47 million. Bluff Or a whimsical project in an act of desperation? Subjective interpretation does not matter, the price of reopening the doors to funds locked in CoinFLEX is fixed.

More money is needed to free his captured peers. Absurd economy when you keep us! All users of the crypto exchange will be able to withdraw their entire holdings once these $ 47 million have been raised.

From this angle, CoinFLEX’s all-in has something to think about for cryptophiles who do not so easily drink the good words of the leaders of the crypto companies of the future, with yet another uncertain future.

The blue bird has been there!

The truth will set you free unless social media press groups have more power to do so even loosen tongues accustomed to silently carry the heaviest secrets.

Mark Lamb will finally reveal in a tweet on June 28, 2022, the name of this investor, anonymous but well-known figure in the cryptosphere, who managed to partially paralyze the CoinFLEX machine.

Roger Worm owes CoinFLEX US $ 47 million, ”the tweet is clear and unambiguous.

Posted by Mark Lamb – Source: Twitter

Mark Lamb continues to evoke the existence of one written contract to support his statements, and formal notice targeting founder of bitcoin.comso that he pays what is due and to whom it may relate.

The almost flattering remarks thus give way to an odor of hostility between the man who would deny “that the debt concerns him” and a CoinFLEX who, through the voice of his number one, persists and signs that “the debt is 100% connected to his account”.

Because the time is sold to return blow by blow, the time is long gone for polite discussions away from the prying eyes, even if they are legitimate, of hurting customers.

CoinFLEX did not take off its gloves to back up Roger Vers’ claims that the company also had “debts to him”.

The crypto exchange evokes a statement ” blatantly false “, and now talking about tactics that would aim to divert attention from this investor’s responsibility, a man who still a few days ago described as” a person with high integrity “of the company.

CoinFLEX customers are currently experiencing an accident that gives a sense of déja vu to Celsius users of the cryptocurrency lending platform. The protocol had also suspended its withdrawals, and continues to fight in hopes of finally bringing the temperature down.

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