Many of you may have seen the Bloomberg article about our filing for restructuring or have received the notice by email.  This article elaborates on CoinFLEX’s next steps, specifically what each step depends on and our progress on each. Of course, these next steps could change.    Publishing Everything We…

Top of mind for investors is: “What will happen to flexUSD holders after the conversion?”  Conversion, in this case, refers to our plan to convert depositors into holders of the CoinFLEX Composite, including rvUSD, FLEX, and equity in the company.  It is possible to mandate a conversion for all user…

In addition to regular Telegram and other social media communication, we will continue to provide the community with blog updates. Some will be brief but will include important information for ongoing communication about CoinFLEX.    What have we been up to this week? Team Update When we affect the plans…

CoinFLEX Plans  CoinFLEX to issue depositors rvUSD tokens, equity, and locked FLEX Coin  Depositors get to approve the new structure and path of CoinFLEX Further distribution of existing balances to be made available Locked balances markets will be created and tradable next week   Why is this needed? We need…

Dear CoinFLEX Community,    We have resumed suspended operations and are now back online for both trading and withdrawals. You may log in to your CoinFLEX account to process limited withdrawals and flexUSD redemptions. Please see below and refer to our FAQ for more detailed information.      All user subaccount…

Dear CoinFLEX Community, The following statement details the specifics outlined in our last update from July 9, which you may find here. CoinFLEX.US users may find the latest corresponding update here.  We will enable limited withdrawals for all users this week and continue to work with a laser focus on…

Dear CoinFLEX Community,   Firstly, Mark and I are sorry that we are all in this situation. This is not a position we ever envisioned we would be in. We truly apologize for the trauma this situation has caused the CoinFLEX community. It is understandable that you vent your frustration…

Dear CoinFLEX Community, We continue to talk with investors interested in rvUSD and commitments are growing. Once the token sale is fully committed, we will be able to communicate a clear path towards enabling withdrawals, but until then they will remain suspended. You will hear from us as updates become…

NOTE: THIS APPROACH HAS BEEN SUPERSEDED BY THE SCHEME OF ARRANGEMENT. Dear CoinFLEX Community, During the recent market volatility, a long-time customer of CoinFLEX’s account went into negative equity, meaning the Individual’s account currently holds a negative balance. In response, CoinFLEX made the decision to halt user withdrawals starting from…