Embattled Crypto Futures Exchange Files for Restructuring Amid Ongoing Legal Battle

Crypto futures exchange CoinFLEX is reportedly seeking court approval for a restructuring plan as it faces financial trouble following a substantial default by one of its customers.

CoinFLEX Files Restructuring Case in Seychelles Court

The troubled crypto exchange has a proposition on how to reimburse some investors, but not all agree.

Crypto Exchange CoinFLEX Plans $84M Restructuring in Seychelles

Beleaguered cryptocurrency exchange CoinFLEX has reportedly initiated a restructuring process in a Seychelles court.

CoinFLEX Files for Restructuring in Seychelles

CoinFLEX expects the restructuring plan will bolster the company’s operations.

CoinFLEX Cuts Down on Staff Strength Amid Stability Woes

Updating its users on the latest for the week, cryptocurrency exchange CoinFLEX has announced that it is cutting down on its staff strength (Read More)

Crypto Futures Exchange CoinFLEX To Lay Off Employees As It Fights Legal Battle With ‘Bitcoin Jesus’

Embattled crypto derivatives exchange CoinFLEX is announcing employee layoffs amid a legal battle with ‘Bitcoin Jesus.’ In a new blog post, CoinFLEX says it is laying off a significant number of employees across the board as a means of reducing overhead costs.

CoinFLEX: Amid liquidity crisis, the cryptocurrency exchange had this to say

In a recent announcement dated 29 July, co-founders of CoinFLEX, Sudhu Arumugam and Mark Lamb, provided an important update.

CoinFLEX announces staff cuts as part of measures to reduce costs by up to 60%

“The intention is to remain right-sized for any entity considering a potential acquisition of or partnership opportunity with CoinFLEX,” said the exchange. Cryptocurrency exchange CoinFLEX said it had downsized a “significant number” of team members in an effort to cut operating costs.According to a Friday blog post, CoinFLEX said it had cut some staff across “all departments and geographies” as part of measures to reduce the company’s costs by 50% to 60%.

CoinFLEX Announces 'Significant' Layoffs Amid $84M Dispute With 'Bitcoin Jesus'

The company says the move will cut overhead costs by over 50%.

Roger Ver’s Debt Part of the Reason for CoinFLEX’s Collapse: Report

Even though CoinFLEX has shown signs of recovery as it announced users could withdraw some of their assets, there is still a long way to go.

The Inside Story Of The Roger Ver Vs. CoinFLEX Conflict

The infamous Roger Ver is back in the headlines for all the wrong reasons.