Crypto Exchange CoinFlex Now Seeking to Recover $84 Million – Bloomberg

Crypto Exchange CoinFlex Now Seeking to Recover $84 Million – Bloomberg

Blockchain Crypto Market Technology
August 1, 2022 by Coinvasity
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Bloomberg Daybreak Asia. Live from New York and Hong Kong, bringing you the essential stories from the close of the U.S. markets to the open of trading across Asia.
Live market coverage co-anchored from Hong Kong and New York. Overnight on Wall Street is daytime in Asia. Markets never sleep, and neither does Bloomberg. Track your investments 24 hours a day, around the clock from around the world.
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CoinFlex said it has taken legal action to recover $84 million in losses from a single customer and is in talks to sign a joint venture with another crypto exchange in a bid to revive its fortunes.
The crypto exchange paused withdrawals on its platform last month after a counterparty, which it later identified as longtime crypto investor Roger Ver, failed to repay $47 million from a margin call. 

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