Last week, cryptocurrency derivatives exchange CoinFLEX joined a growing list of digital asset platforms to halt withdrawals due to market uncertainty and issues with its counterparty. The company has now unveiled a recovery plan that involves the creation of a new token. Announcing the solution on Monday, CoinFLEX said it plans to raise $47 million through the issuance of a new token dubbed Recovery Value USD (rvUSD). The exchange further noted that it has been in talks with “potentially large buyers” who have “significant interest” in the terms offered.
CoinFLEX Launches 47 Million Token Recovery Plan to Resume Withdrawals
