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Crypto exchange CoinFLEX halts withdrawals because of ‘extreme market conditions’

June 23, 2022, 6:49 PM UTC

Physical futures crypto exchange CoinFLEX is pausing withdrawals citing “extreme market conditions” along with uncertainty around a certain counterparty, its CEO Mark Lamb said in a blog post Thursday.

  • Lamb said the counterparty is not Three Arrows Capital or “any lending firm.”
  • CoinFLEX expects to resume withdrawals “in a better position as soon as possible.”
  • Additionally, FLEX Coin trading is being halted for perps and spot in the short-term.

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