With the embattled cryptocurrency trading platform, CoinFlex may be getting headway with its restructuring plans as most of its creditors are backing the idea, as revealed in early voting.
According to the snapshot of the voters supporting the restructuring plan, as many as 46 million CFV tokens had been committed to backing the idea against 20,000 tokens saying No. Based on this trajectory, the terms of the proposal may eventually be accepted and implemented by the exchange.
CoinFlex was among the trading platform that took a significant hit with the crypto winter that swept the entire industry this year. The exchange, founded in 2019, halted its withdrawals as it claimed a counterparty was unable to pay for a margin call. The trading platform later came out to accuse Roger Ver, the CEO of Bitcoin.com, of being the counterparty. The exchange announced plans to sue Roger for failing to pay back in July.
CoinFlex has done a lot to ease the pains of its creditors as the outfit issued...
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