Crypto Exchange CoinFLEX Freezes Withdrawals Due to Counterparty 'Uncertainty'

[Triedboy]

CoinFLEX joins Celsius, Babel Finance, Finblox, and Voyager Digital in either freezing or limiting user withdrawals. Who’s next?CoinFLEX clarified, however, that the troubled counterparty in question is not Three Arrows Capital (also known as 3AC) “or any lending firm,” which would include BlockFi and Celsius—two firms known to be in dire straits financially, which the latter potentially causing further contagion in the crypto market.

“We are confident that this situation can be repaired fully with a restoration of all functionality, namely withdrawals,” CoinFLEX’s Lamb said today.more information