Will CoinFLEX raise $47m in RVUSD?

Specifically, CoinFlex is expecting to raise $47M in rvUSD after the clients' account fell into negative equity last week amid recent volatility in crypto prices, the derivatives-focused exchange wrote in a whitepaper on Monday.

When will CoinFLEX re-enable withdrawals?

CoinFlex said it hopes to resume withdrawals on June 30. If the rvUSD token issuance is fully subscribed, CoinFlex will re-enable withdrawals and restore the platform to full functionality, the company said. Many users were angry at Lamb.

Why did CoinFLEX issue $47 million in tokens?

CoinFLEX's issuance of $47 million in tokens comes after a certain individual’s account went into negative equity during recent market volatility. The issuance will begin tomorrow and likely run until July 1, CoinFLEX wrote in a white paper Monday.

How much does Ver owe CoinFLEX?

Lamb claimed that Ver owes CoinFLEX $47 million USDC, and that the company has a “written contract with him obligating him to personally guarantee any negative equity on his CoinFLEX account and top up margin regularly. He has been in default of this agreement and we have served a notice of default.”