Crypto exchange CoinFlex plans to recover 84 mn from an investor

Cryptocurrency exchange, CoinFlex is in dismay, and all because of one investor. The crypto trading platform’s co-founders Sudhu Arumugam and Mark Lamb on Saturday released a detailed statement in which they said CoinFlex plans to recover $84 million through legal proceedings against this individual. In their statement, CoinFlex founders said, “We have commenced arbitration in HKIAC for the recovery of this $84m as the individual had a legal obligation under the agreement to pay and has refused to do so.