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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