CoinFLEX Makes “Significant” Staff Cuts Due to Recovery Costs

Key Takeaways

  • CoinFLEX says that it will layoff a portion of its workforce due to the costs of distributing its composite asset.
  • By next week, the company expects to have data on how much of the CoinFLEX Composite is owed to each user.
  • CoinFLEX originally suspended user withdrawals on June 23 and partially reopened withdrawals on July 14.

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