ការអនុម័តផែនការរៀបចំរចនាសម្ព័ន្ធឡើងវិញរបស់ CoinFLEX ជំរុញសញ្ញាសម្ងាត់ FLEX ខ្ពស់ជាង

Embattled crypto exchange CoinFLEX said it received approval for a restructuring plan from the  Seychelles courts on March 6.

ការផ្លាស់ប្តូរ បានបន្ថែម that it was halting the trading of locked assets like LUSD and LETH until the Seychelles court published the court order.

CoinFLEX’s restructuring efforts

In August 2022, CoinFLEX បានដាក់ for restructuring after it struggled to recover an $84 million debt from crypto investor Roger Ver. The debt plunged it into a liquidity crunch that culminated in the ការផ្អាក of users’ withdrawals.

Since then, the exchange has made several efforts to make its customers whole. One of its plans included the ការចេញ of a Recovery Value USD (rvUSD) token that would help its liquidity issues.

Besides that, the firm បានប្រកាស a significant change to its business model in October 2022. The firm issued most of its shares to customers and adopted a community-led model that gave users 65% equity in the company.

However, the company’s association with the founders of the defunct Three Arrows Capital (3AC), ស៊ូជូ and Kyle Davies, has raised more questions about its operations.

FLEX value rises

CoinFLEX’s Flex token has risen by more than 3500% in the last sixty days, according to របស់ CryptoSlate ទិន្នន័យ។

ប្រភព៖ Tradingview

The digital asset’s value has moved from around five cents to over $2 since it was បានបង្ហាញ that it would be the utility token of the new bankruptcy claim exchange, OPNX — developed by CoinFLEX’s founders, Zhu, and Davies.

This means that FLEX has outperformed other notable digital assets like Bitcoin and Ethereum during the same period.

For context, FLEX has risen by more than 20% in the last 24 hours to $2.01 at the time of writing.

Meanwhile, despite the improved price performance, the FLEX token is currently only available on the struggling CoinFLEX exchange and two other decentralized exchanges, Uniswap and Tangoswap.

Source: https://cryptoslate.com/coinflexs-restructuring-plan-approval-propels-flex-token-higher/