In line with our commitment to maximizing creditor recovery, CoinFLEX Creditors United is sharing an urgent update. (https://t.co/gnof36qKjS)
Court testimony reveals former board member Michael Komaransky (@mkomaransky ) used his insider position to:
“Systematically gather intelligence” for 6+ months
“Orchestrate massive, preferential withdrawals for his personal benefit and for Grapefruit Trading”
“Drain ~$101M in assets… directly fueling the liquidity crisis”
His own words:
“I’m worried some external party is going to come after me personally for my involvement in CoinFLEX, so I’d like to limit that liability.”
Now testimony alleges Komaransky is using another lawsuit to seek a “no-liability agreement”—a shield that would block creditors from ever suing him for the $101M.
If you’re a creditor or simply believe in the values of crypto, please RT to spread the word.
#CoinFLEXCreditors #Recovery
"CoinFLEX Creditors United" is an initiative run for creditors by creditors and does not represent Liquidity Technologies Limited.
Are CoinFLEX creditors getting the full story? Beyond the Ver case, new evidence shows a
$101M insider withdrawal by Mike Komaransky helped cause the collapse. We are taking
action to recover it. Join the lawsuit: https://t.co/ccZXPuiALW #CoinFLEXCreditors#Crypto
Reminder: https://t.co/PT67JKdOeO is ceasing operations on Oct 31, 2023. It's vital to withdraw all funds before this date.
Need assistance or have questions? Please reach out to [email protected].
When the eagle of dagestan said "send location," he likely meant to put up or shut up
The pen is not in fact mightier than the sword
The sword is sharper than the tongue
As part of the transition from FLEX into OX, we will bridge over all users FLEX into OX at the 1:100 conversion rate on Tuesday July 18th.
If you wish to bridge into staked OX and benefit from the 1:125 bonus rate, please withdraw and use the bridge on: https://t.co/V7C8A4Y3Qh
Despite the hurdles, we're committed to delivering top-tier service and upholding the trust of our community. Stay tuned for more updates and here's to a bright future for #SmartBCH!
CoinFLEX and SmartBCH Alliance Announcement - We've restored BCH to sBCH convertibility via the launch of https://t.co/N10Ve3K04d. Despite challenges, we've worked diligently to restore this essential feature. More details here: https://t.co/ctJKljIW0t
Good to see
One of the biggest ills in crypto in 2022 was rampant insider trading by employees of otc brokers and exchanges
This must change
Client info and listing info either must be shielded fairly or be made transparent for all
We are excited to announce that we have nearly reached the point where we can begin distributing the "Composite" of assets to our creditors in accordance with the approved restructuring terms.
For more information, please read our full announcement here: https://t.co/1B5H9SilJK
We are pleased to announce the successful approval of CoinFLEX’s restructuring by the Seychelles Courts.
Please read our full announcement here (https://t.co/VWHEYWwLey) and stay tuned for more information coming later this week.
With a rebranded launch upcoming, worth mentioning FLEX’s tokenomics in the new exchange:
- FLEX is the fee-paying currency for high volume traders (in order to pay discounted trading fees, traders must pay in FLEX)
- 20% burn of net trading fees
1/2
If we rebrand the @CoinFLEXdotcom exchange, FLEX Coin will continue to be the fee-paying currency, native token and centerpiece of the newly branded exchange.
What are the 3 Advantages of Permissionless Listing?
In this thread, we'll go over👇
Advantage #2
Take ownership of your listing
Token projects should:
Spend time growing their community 🌐
NOT worrying about listings ���
What are the 3 Advantages of Permissionless Listing?
In this thread, we'll go over👇
Advantage #3
Build demand for your token!
CoinFLEX is the first crypto futures exchange to offer permissionless listing of perpetual futures tokens.
So what is a Permissionless Perp?
🔺Access to leverage increases your buying power!
Leverage & capital efficiency promote liquidity in your token, making it possible for traders to trade your token with minimal slippage.