CoinFlex Will Issue $47M Worth of “Recovery Tokens” After Withdrawal Freeze

CoinFLeX will issue recovery tokens to help fund customers’ withdrawals. The exchange had run into trouble after one individual’s accounts went into negative equity, resulting in the halting of withdrawals. It will issue $47 million worth of the Recovery Value USD (rvUSD) tokens. Futures crypto exchange CoinFLEX will issue recovery tokens called Recovery Value USD (rvUSD) as a solution to enable withdrawals again. The platform has suspended withdrawals as a result of market volatility, with some users even having a […]