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“Monitorearemos costos para asegurarnos operar tan eficientemente como sea posible. La intención es mantener el tamaño adecuado para cualquier entidad que esté considerando una posible adquisición o una oportunidad de asociación con CoinFLEX”, dijeron los cofundadores Sudhu Arumugam y Mark Lamb en la publicación del blog. Original Source
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Cryptocurrency exchange CoinFLEX said it had downsized a “significant number” of team members in an effort to cut operating costs.According to a Friday blog post, CoinFLEX said it had cut some staff across “all departments and geographies” as part of measures to reduce the company’s costs by 50% to 60%.
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CoinFLEX's rough month continues with the decision to "right-size" a business down to its core. Source
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The infamous Roger Ver is back in the headlines for all the wrong reasons. Like many players in the industry, the derivatives exchange CoinFLEX recently ran into financial trouble. Surprisingly, they blamed it all on Roger Ver and the circus started. Luckily for us, Chinese journalist Colin Wu covered “the
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CoinFLEX's plan needs to be voted on by its depositors, and nothing has been finalized. The exchange said it plans to host a video session next week to answer questions from its community. Co-founders Sudhu Arumugam and Mark Lamb also said they may appear on YouTube or a podcast next
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Summary: CoinFLEX has announced the resumption of crypto exchange trading services. However, withdrawals will be limited to 10% of user funds as 90% of all users’ assets are locked. The CoinFLEX crypto exchange has announced the resumption of previously suspended crypto exchange services. This includes crypto trading and withdrawals. However. crypto withdrawals will
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Cryptocurrency exchange CoinFLEX is partially reopening user withdrawals, raising cautious optimism that the company was gradually recovering from liquidity constraints that were triggered by a high-profile client default. Beginning at 5 am UTC on Friday, all CoinFLEX users will be able to withdraw up to 10% of their funds, the company
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The firm is still working on a solution after recently beginning arbitration to recover $84 million from a "large customer." Original Source
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The company said it was speaking with depositors looking to help the business by “rolling some of their deposits into equity.” Source
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Crypto investment platform CoinFLEX is moving forward with its plan to reclaim $84 million in funds by starting arbitration procedures in Hong Kong against an individual account holder.Co-Founders Sudhu Arumugam and Mark Lamb acknowledged in their July 9 announcement that the judgment would provide access to the individual’s “worldwide assets”
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