CoinFLEX creditors sue ex-CEO for helping Roger Ver avoid $84M debt
CoinFLEX creditors launch a legal battle against former CEO Mark Lamb for allegedly teaming up with 3AC founders in using their assets as their "personal piggy bank."
Latest CoinFLEX News
CoinFLEX restructure approved by Seychelles court; Roger Ver nowhere to be seen
Under the plan, which was proposed in September 2022, CoinFLEX creditors will own 65% of the company, while Series A investors would lose their equity stakes. Series B shareholders will retain their status.
Roger Ver sued for reneging on $21M debt to Genesis trading group
GGC International Ltd filed a summons with the New York State Supreme Court, giving Roger Ver 20 days to answer the complaint filed against him for failing to honor his financial obligations.
Three Arrows Capital, CoinFLEX founders plot ‘crypto claims’ exchange
3AC's Kyle Davies and Su Zhu are teaming up with CoinFLEX co-founders for a $25-million “crypto claims market" GTX, but several key players doubt its authenticity.
CoinFLEX creditors vote in restructuring plan giving them 65% ownership
The plan, which wipes out Ordinary Series A shareholders, including the founders, was proposed by CEO Mark Lamb, and received 99% backing in a recent vote.
CoinFLEX files for restructuring after Roger Ver allegedly fails to pay margin call
In a blogpost, CoinFLEX detailed how it has filed for restructuring in Seychelles, which will enable it to issue rvUSD tokens, equity, and locked FLEX tokens to depositors.
CoinFLEX exchange cuts staff amid $84M margin call dispute with Roger Ver
The cuts will reduce overheads by up to 60%, CoinFLEX says, further hinting at acquisition possibility even as its $84 million dispute with Roger Ver continues.
CoinFLEX starts $84M arbitration procedure in Hong Kong against Roger Ver
The process could take up to 12 months, but CoinFLEX says it’s confident that the HKIAC will rule its way and allow it to pursue Roger Ver’s worldwide assets.
Roger Ver accused of defaulting on $47M CoinFLEX debt
Early ‘crypto’ backer Roger Ver has been fingered as the individual whose alleged financial shortcomings caused a recent halt in withdrawals at an exchange in which he is an investor.
CoinFLEX adds new investors as Polychain, DCG climb aboard
Polychain Capital and Digital Currency Group (DCG) have invested an unknown amount in the currency futures exchange services provided by CoinFLEX.
CoinFLEX crypto futures platform now live
CoinFLEX, a new cryptocurrency exchange that focuses on futures trading, is now live.