CoinFLEX Pauses Withdrawals Amid 'Extreme Market Conditions' and Counterparty Uncertainty

Physical futures crypto exchange CoinFLEX is pausing withdrawals citing 'extreme market conditions' along with uncertainty around a certain counterparty, its CEO Mark Lamb said in a blog post Thursday. CoinDesk reports: Lamb said the counterparty is not Three Arrows Capital or 'any lending firm.' CoinFLEX expects to resume withdrawals 'in a better position as soon as possible.' Additionally, FLEX Coin trading is being halted for perpetual swaps and spot trading in the short term.

Read more of this story at Slashdot.