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CoinFLEX Announces ‘Significant’ Layoffs Amid $84M Dispute With ‘Bitcoin Jesus’

Troubled cryptocurrency exchange CoinFLEX is undergoing massive layoffs.
“We, unfortunately, had to let go of a significant number of the CoinFLEX team across all departments and geographies,” announced company co-founders Sudhu Arumugam and Mark Lamb in a blog post this morning.
The news comes after a debilitating month for the cryptocurrency exchange, which froze all customer withdrawals in late June.
— Roger Ver (@rogerkver) June 28, 2022Since then, CoinFLEX has made 10% of user funds available for withdrawal.
“The intention is to remain right-sized for any entity considering a potential acquisition of or partnership opportunity with CoinFLEX,” the two co-founders said.

Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by TokenAround.


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