CoinFLEX Pauses Withdrawals Amid ‘Extreme Market Conditions’ and Counterparty Uncertainty

Michael Bellusci

Updated 23 June 2022 at 2:30 pm

Don't miss CoinDesk's Consensus 2022, the must-attend crypto & blockchain festival experience of the year in Austin, TX this June 9-12.

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.

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.
CoinFLEX was spun off from Coinfloor Group in 2019.

UPDATE (June 23, 2022, 18:43 UTC): Adds bullet point on spinoff.

Cosmo
Rita Ora just showed up at the 2024 Met Gala basically naked in an open-sided dress
Rita Ora showed up almost fully naked to the 2024 Met Gala in a multicoloured Marni dress that was completely open-sided revealing she was braless & commando
SETHLUI.COM
Yan Fried Bee Hoon: Is PM Lee’s favourite chicken wing worth the wait?
The post Yan Fried Bee Hoon: Is PM Lee’s favourite chicken wing worth the wait? appeared first on SETHLUI.com.
Cosmo
EmRata is almost naked in a sparkly see-through Versace dress at the 2024 Met Gala
Emily Ratajkowski just hit the 2024 Met Gala almost totally naked wearing a sparkly see-through Versace backless dress. We are *so* in love with this look!
The Independent
Texas mother made son, 3, ‘say goodbye to daddy’ on camera before shooting boy dead
Savannah Kriger laid her wedding dresses on her bed and shot her wedding portraits, police say
People
Stormy Daniels Testifies That Donald Trump Did Not Wear a Condom When They Had Sex
The former adult film actress alleged in court that following their tryst, Trump told her, "Oh it was great, let’s get together again honey bunch"
People
Dua Lipa Wore the Flossiest G-String Ever to Pull Off This Butt-Baring Look at the 2024 Met Gala
The event marked the pop star's third Met Gala, after making her debut at the event in 2019
CNN
An Indian woman accused her husband of forcing her to have ‘unnatural sex.’ A judge said that’s not a crime in marriage
An Indian judge has dismissed a woman’s complaint that her husband committed “unnatural sex,” because under Indian law it’s not illegal for a husband to force his wife to engage in sexual acts.
CNN
Chinese climbers stuck on cliff for more than an hour due to overcrowding
Images of tourists stuck partway up a mountain in eastern China went viral, showing it’s not just Everest that’s prone to overcrowding.
The Telegraph
Israel must destroy Hamas utterly. There can be no surrender
Israel’s long-anticipated assault on Rafah has begun. The city is thought to contain four battalions of Hamas soldiers, making it the terrorist’s last stronghold in Gaza. The operation is essential to securing Israel’s borders and safety when military operations end. Yet immense international pressure is being applied to Benjamin Netanyahu in an attempt to force a ceasefire on incredibly unfavourable terms.
Cosmo
Kendall Jenner flashes her bum in never-worn vintage dress at the 2024 Met Gala
Kendall Jenner attended the 2024 Met Gala looking incredible in a dress with bum crack cut-outs. Her vintage archival Givenchy gown has never been worn before.
The Independent
Teacher ‘became pregnant by a teenage schoolboy while on bail’
Rebecca Joynes, 30, is accused of six counts of engaging in sexual activity with a child, two while being in a position of trust
The Telegraph
China is unleashing economic warfare against the West – yet our elites slumber on
What does an elephant in a British room need to do for his hosts to admit he exists? Under Xi Jinping, China’s rivalry with the free West has become a zero-sum contest. Beijing is engaged in full economic warfare with Britain. And Britain’s establishment, polite as ever, all too often chooses to ignore this inconvenient reality.
People
Tyla's Met Gala Gown Designer Cuts Off the Bottom of Her Viral Sand Dress in Epic Video — Watch!
The singer's Balmain gown was one of the coolest designs of the night
People
Jennifer Lopez Takes Naked Dressing to New Heights in Sheer Gown at 2024 Met Gala That Took 800+ Hours to Make
Lopez serves as co-chair for this year's glam event
Sky News
Vladimir Putin inauguration: Steven Seagal and other famous faces spotted at Kremlin palace
Vladimir Putin began his fifth term as Russian president at a palace in Moscow in front of a crowd of faces - including actor Steven Seagal and the leader of a biker gang. At the ceremony in the gilded Grand Kremlin Palace, Mr Putin placed his hand on the Russian Constitution and vowed to defend it as a crowd of hand-picked dignitaries looked on. The US actor, known for films such as Under Siege and On Deadly Ground, is an ally of Mr Putin.
WWD
Blackpink’s Jennie Goes Electric Blue in Alaïa Minidress on Met Gala 2024 Red Carpet
This is Jennie's second year on the Met Gala.
People
Emily Ratajkowski Wears a Butt-Baring, Naked Crystal Gown to the 2024 Met Gala as Expected
The supermodel stepped out for her ninth Met Gala
Evening Standard
Cody Gakpo delivers verdict on Arne Slot's imminent arrival as Liverpool boss
Liverpool have agreed a compensation deal with Feyenoord ahead of Slot’s arrival this summer
Evening Standard
Crystal Palace 4-0 Manchester United: Goal controversy fails to hide fact Man Utd are masters of own downfall
Rasmus Hojlund harshly denied what would have been a leveller in an otherwise woeful display from Man Utd
The Smart Investor
4 Singapore Blue-Chip Stocks You Can Buy and Hold Forever
We highlight four solid blue-chip names that you can buy and safely own for the rest of your life. The post 4 Singapore Blue-Chip Stocks You Can Buy and Hold Forever appeared first on The Smart Investor.

Latest stories