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CoinFLEX Pauses Withdrawals Amid ‘Extreme Market Conditions’ and Counterparty Uncertainty

The counterparty is not crypto hedge fund Three Arrows Capital, CoinFLEX's CEO said.

Updated May 11, 2023, 4:15 p.m. Published Jun 23, 2022, 6:30 p.m.
CoinFLEX has halted withdrawals. (FLY:D/Unsplash, modified by CoinDesk)
CoinFLEX has halted withdrawals. (FLY:D/Unsplash, modified by CoinDesk)