@MyHero 28 June 2022 more from that month

CoinFlex Update about withdrawal freeze Take Notes: 1. Creating a corresponding liability in the form of a token called Recovery Value USD (“rvUSD”) 2. June 30 is still the targeting withdrawals in Coinflex, but this will be subject to receiving funds according to the rvUSD issuance 3. Coinflex speaks to potential large buyers and believes there is significant interest in the terms presented.  Margin Issue 4. The Individual had consistently met every margin call before this incident. Individual’s account went into negative equity during recent market volatility. 5. The individual is a high-integrity person of significant means. (No name) 6. There are no other accounts on CoinFLEX that are in negative equity. Additional Information 1. A client (Individual) failed to repay a $47 million debt 2. CoinFlex has said the counterparty at issue isn’t Three Arrows Capital or any lending firm 3. CoinFlex said it is also creating a new model for transparency around margins after the restoration of withdrawals. 4. The issuance includes a 20% annual percentage rate (APR) accrued and paid daily in rvUSD. 5. rvUSD White Paper: https://cfv2-media.s3.ap-northeast-1.amazonaws.com/media/pdf/rvUSD_Whitepaper.pdf Source (Full Details): - https://coinflex.com/blog/coinflexs-solution-to-resume-withdrawls/ - https://www.bloomberg.com/news/articles/2022-06-27/crypto-exchange-coinflex-to-issue-tokens-after-withdrawal-freeze - https://finance.yahoo.com/news/coinflex-launch-47m-recovery-token-232748623.html P.S - I don't know what will be happen to sBCH because it's connected to Coinflex - flexUSD and FLEX are falling apart (Dumping) - In my opinion, when the bridge is open - some users will be bridge their sBCH to BCH - One of my friends wants to bridge his sBCH but the available bridge is not 1:1 ratio and has low liquidity - rvUSD -> Roger Ver USD (Joke ahaha xD). It is the same as the logo of Verse Token with his initial name 😁