The value of FLEX Token increased by 21% following the approval of CoinFLEX's restructuring plan.
Coin FLEX's native token, FLEX, experienced a 21% surge on Tuesday following the approval of the exchange's restructuring plan by Seychelles courts. The exchang
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Coin FLEX's native token, FLEX, experienced a 21% surge on Tuesday following the approval of the exchange's restructuring plan by Seychelles courts. The exchange had filed for restructuring in August last year due to a liquidity shortage that led to the suspension of withdrawals in June. As of recently, FLEX was trading at $1.96. CoinFLEX announced that assets such as LUSD and LETH will remain locked until the written court order is published. As per the restructuring plan proposed in September, creditors would possess 65% of the company, while Series A investors would lose their equity shares.
