After promising to resume withdrawals and restore full functionality by the 30th of June, CoinFLEX CEO Mark Lamb now tells CNBC that the exchange will likely not resume the withdrawals by Thursday.
CoinFLEX had earlier paused all withdrawals from their platform, citing extreme market conditions. It then revealed that one individual whale owed the company $47 mln. CEO Mark Lamb later revealed the individual to be Bitcoin proponent Roger Ver, stating that Ver had defaulted on his debt.
Ver took to Twitter to categorically deny all the accusations from Lamb and claimed that in fact, CoinFLEX owes him money.
CoinFLEX Launches New Token
Following Ver’s refusal of the debt, CoinFLEX launched a new token rvUSD, promising 20% annual returns on it. The company revealed that the ability to pay such a high interest would come from collecting the owed debt by Ver. In addition, the company has also imposed a financing charge on him.
The token is launched to fundraise the $47 million owed to the company by Ver, CoinFLEX announced in a blog. The company had initially believed that they would be able to raise the funds and resume the withdrawal by Thursday.
