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Ad Founders of bankrupt crypto hedge fund Three Arrows Capital founders Zhu Su and Kyle Davies, in collaboration with CoinFLEX co-founders, have launched the “first public marketplace for crypto claims” Open Exchange. According to a Feb. 9 Twitter thread, Open Exchange (OPNX) said there is “a $20 billion market of claimants” desperately searching for a…
Vermont has opened investigations into Celsius Network while warning residents to be wary of investing in more CEL tokens. Vermont’s Department of Financial Regulation (DFR) said Celsius is “deeply insolvent” and accused it of mismanaging its customers’ funds. “Celsius is deeply insolvent and lacks the assets and liquidity to honor its obligations to account holders…
CoinFlex will likely not resume withdrawals for its users on June 30, CNBC reported, citing the exchange’s CEO Mark Lamb. Lamb said that the crypto derivatives exchange would not be resuming withdrawals on June 30 and needs more time, according to the report. According to Lamb, We will need more time. And it’s unlikely that…
Crypto exchange CoinFlex will resume withdrawals after issuing a new token — dubbed Recovery Value USD (rvUSD) — which will offer 20% annual returns to users, the exchange announced in a whitepaper on June 27. CoinFlex intends to issue $47 million worth of rvUSD starting June 28 to help deal with liquidity issues and expects…