> CoinFlex seeking to recover $84 million from single client

> The company sent out a notice on its restructuring process in emails to customers on Tuesday. It will seek approval from depositors and court on a proposal to issue depositors with rvUSD tokens, equity, and locked FLEX Coin. 

> CoinFlex froze withdrawals in June after a counterparty, which it has identified as crypto investor Roger Ver, failed to pay a margin call. Ver, however, denied he defaulted on debt owed to CoinFlex. 

cryptocoin

See original article [here](https://www.bloomberg.com/news/articles/2022-08-09/crypto-exchange-coinflex-files-for-restructuring-in-seychelles). The main post link is using archive.ph, so you can skip the paywall.