CoinFLEX is one of the crypto exchanges that suffered during the bearish trend and is currently paving for restructuring. Following its filings for reorganization at s Seychelles court, the exchange released its restricting plan.
The crypto winter in the year’s first half brought severe drought to several crypto assets. As a result, the entire crypto market lost several billions of dollars as the value of the assets kept dropping. The crisis became worse with the collapse of the algorithmic stablecoin Terra and its ecosystem.
Then came the crumbling of lots of crypto-related firms in the following months. Some companies used measures to wade off the impact and survived the crisis. However, most employees of the affected firms were laid off. Also, other drastic measures were implemented to cut down the cost of operation for the companies.
However, some firms could not survive the storm as the crisis intensity increased. Hence, some distressed firms filed for bankruptcy to hold back...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...