CoinFLEX’s latest announcement was terrible for FLEX holders but could be promising for the company's resilience. It has begun arbitration proceedings to reclaim $84 million from a bad account that CEO Mark Lamb says belongs to Roger Ver.
denied that he owes any money
In the most recent update, Arumugam and Lamb said that the individual was “wasting time” by promising to replenish his account with funds that never arrived. Arumugam and Lamb stated that they now have plans to create “temporary liquidity for CoinFLEX depositors” by initially making 10% of their account balances available for withdrawal.CoinFLEX has been working on ways to make up for the shortfall in funds left by the whale investor’s account.
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