CoinFLEX Pauses Withdrawals Amid 'Extreme Market Conditions' and Counterparty Uncertainty
by BeauHD from on (#60PVE)
Physical futures crypto exchange CoinFLEX is pausing withdrawals citing "extreme market conditions" along with uncertainty around a certain counterparty, its CEO Mark Lamb said in a blog post Thursday. CoinDesk reports: Lamb said the counterparty is not Three Arrows Capital or "any lending firm." CoinFLEX expects to resume withdrawals "in a better position as soon as possible." Additionally, FLEX Coin trading is being halted for perpetual swaps and spot trading in the short term.
Read more of this story at Slashdot.