Cryptocurrency exchange CoinFLEX released a statement saying that they won’t resume withdrawals because of rvUSD token sale commitments. A few days back, CoinFLEX created a $47M Recovery Value USD token, and withdrawals were supposed to resume on June 30 depending on the level of demand for the token.
CoinFLEX is currently communicating with several investors interested in rvUSD. The team believes that once the token sale is committed, they will be able to articulate a roadmap for resuming withdrawals.
CoinFLEX CEO Mark Lamb stated, “the goal is to do everything possible to avoid haircuts to customer funds and we remain confident in our ability to bring this to resolution.”
