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Crypto exchange CoinFlex is raising $47M By Offering A New Coin
- sha256sum 4y ago>On Monday, CoinFlex published a blogpost with more details about the counterparty. >CEO Mark Lamb said in the post that a long-time customer’s account went into “negative equity.” That prompted the company to halt withdrawals. That's right, the company halted withdrawals for ALL customers because ONE influential customer lost money. I'm not a finance guy but this reeks of market manipulation.
- nharada 4y agoEven crazier, the counterparty is Roger Ver, who took to Twitter to deny he owed any money at all and CoinFlex is now in a public spat with him: https://twitter.com/MarkDavidLamb/status/1541831697787928576 https://twitter.com/MarkDavidLamb/status/1541831697787928576 I can't imagine buying that debt now. Maybe the courts will sort it out eventually (with tons of time and money spent on lawyers) but it doesn't sound like Ver intends to pay the money at any point.