Fall of cryptocurrencies: Coinflex goes all-in in crypto

tributeThe cryptocurrency exchange CoinFLEX will release the funds locked on its platform when it successfully opens a . has completed Everything in eight figures unless she manages to bend her former protege who got her into trouble.

A Disaster That Was Nameless at CoinFLEX

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

After all, the cryptocurrency exchange was only covering the customer who couldn’t pay a huge debta failure that deals too much blow to a CoinFLEX already weakened by adverse market conditions.

The company then had no choice but to turn off the taps to avoid a cash bleed. She has stopped recordings on his platformJune 23, 2022.

The measure is enough to make other customers cringe, who have not asked for anything. However, these dental tensions did not justify the name of this investor “with significant interests” 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) crunch in crypto markets (and non-crypto markets)”, the statement is enough, it had to be enough.

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

nothing shocking, business is business † The company’s CEO, Mark Lamb, even continued to preach the good word, for men and women of little faith the storm is (maybe) just passing

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The price of freedom for a crypto exchange

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

For a unicorn owner who can’t meet their financial obligations, and customers who are only allowed to get their own money back, CoinFLEX’s answer is in two words: make carpet

The crypto exchange will issue its new rvUSD token that offers a return of 20%to raise the modest $47 million. bluff Or a whimsical project in a desperate act? Subjective interpretation does not matter, the price to reopen the doors to funds locked in CoinFLEX is fixed.

More money is needed to free his captive peers. Absurdity of finances if you hold us! All users of the crypto exchange will be able to withdraw their entire holdings once it has raised $47 million.

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

The blue bird is here!

The truth will set you free unless social media pressure groups have more power to even tongues loose accustomed to carry the heaviest secrets in silence.

Mark Lamb will eventually 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 cripple the CoinFLEX machine.

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

Posted by Mark Lamb – Source: Twitter

Mark Lamb goes on to evoke the existence of a written agreement to support his statements, and notice of default directed against the founder of bitcoin.comso that he pays what is owed and to whom it may concern.

The almost flattering remarks thus give way to an odor of hostility between the man who would deny “that the debt is his own”, and a CoinFLEX who, through the voice of its number one, insists, signing that “the debt is 100 % related takes into account”.

Since time has been sold for answering blow by blow, the time for courteous discussion is long gone, away from the prying eyes, though legitimate, of wounded customers.

CoinFLEX has not taken off the gloves to backtrack on Roger Ver’s claims that the company is also “indebted to him”.

The crypto exchange calls for a statement “ clearly false “, and now talks about tactics that would be aimed at diverting attention from the responsibilities of this investor, a man the company described a few days ago as “a person of high integrity”.

CoinFLEX customers are currently experiencing an accident, causing deja vu for users of the Celsius cryptocurrency lending platform. Protocol had also suspended withdrawals and continues to struggle in hopes of finally lowering temperatures.

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