Announcement: Nov. 8th, 2022
Dear CoinFLEX Community,
CoinFLEX will release an update to the trading API at 09:00 (UTC) on 2022-11-10. Please find the specific changes below:
GET /v3/wallet
- Introduced a maximum of 5 sub-accounts to the query
- Introduced an “id” field
These changes may be tested using the Staging API
Dear CoinFLEX Community,
CoinFLEX will release an update to the trading API at 09:00 (UTC) on 2022-11-10. Please find the specific changes below:
GET /v3/wallet
- Introduced a maximum of 5 sub-accounts to the query
- Introduced an “id” field
These changes may be tested using the Staging API
Announcement: Nov. 11th, 2022
Dear CoinFLEX Community,
CoinFLEX will be increasing the position limits of the TKX-USD-SWAP-PER market at 20:00 (UTC) on 2022-11-11. The new position limits will be:
1x | $10,000
2x | $5,000
3x | $500
Please mind your positions and keep in mind that the auto-deleveraging engine is active in this market.
Dear CoinFLEX Community,
CoinFLEX will be increasing the position limits of the TKX-USD-SWAP-PER market at 20:00 (UTC) on 2022-11-11. The new position limits will be:
1x | $10,000
2x | $5,000
3x | $500
Please mind your positions and keep in mind that the auto-deleveraging engine is active in this market.
Dear CoinFLEX Community,
It has been a while since our last update on the Reorganization process. As you are aware, our priority has been to implement the Scheme of Arrangement, which was overwhelmingly approved by the creditors.
We are pleased to advise that the Seychelles Court ruled on Friday 4 Nov 2022 and Tuesday 15 Nov 2022 that the legal interventions (by the Individual and the wholly owned subsidiary) to the Scheme of Arrangement, which had prolonged the court approval process, were rejected based on the arguments put forward by CoinFLEX.
The court ruled that the Individual had not come to the court with “clean hands”. We believe that the Court understood the ulterior motives for his intervention.
We are encouraged by this outcome.
Please read our full statement for further details.
LINK: https://coinflex.com/blog/seychelles-restructuring-update/
It has been a while since our last update on the Reorganization process. As you are aware, our priority has been to implement the Scheme of Arrangement, which was overwhelmingly approved by the creditors.
We are pleased to advise that the Seychelles Court ruled on Friday 4 Nov 2022 and Tuesday 15 Nov 2022 that the legal interventions (by the Individual and the wholly owned subsidiary) to the Scheme of Arrangement, which had prolonged the court approval process, were rejected based on the arguments put forward by CoinFLEX.
The court ruled that the Individual had not come to the court with “clean hands”. We believe that the Court understood the ulterior motives for his intervention.
We are encouraged by this outcome.
Please read our full statement for further details.
LINK: https://coinflex.com/blog/seychelles-restructuring-update/
Coinflex
CoinFLEX Restructuring Proposal and Next Steps
Dear CoinFLEX Community We have been eager to release a detailed update for a while We have heard your concerns and frustrations and thank you for your patience
Dear CoinFLEX Community,
We understand that there has been media speculation and are writing to clarify misconceptions about the leaked materials concerning the proposed “GTX” Exchange. Please note that given the nature of ongoing discussions with various parties, we have not been able to share an update about the proposed plans, but aim to do so once a possible round or partnership materializes.
Please refer to the blog post below for further information.
LINK: https://coinflex.com/blog/coinflex-update-january-16-2023/
We understand that there has been media speculation and are writing to clarify misconceptions about the leaked materials concerning the proposed “GTX” Exchange. Please note that given the nature of ongoing discussions with various parties, we have not been able to share an update about the proposed plans, but aim to do so once a possible round or partnership materializes.
Please refer to the blog post below for further information.
LINK: https://coinflex.com/blog/coinflex-update-january-16-2023/
Dear CoinFLEX Community,
We are excited to announce that following scheduled maintenance on January 31st, the funding rate for perpetual futures will no longer be based on an hourly repo auction. Instead, it will be determined by the following formula:
Premium Rate = TWAP of ((Mark Price – Index price) / Index price)
Funding Rate = (Premium Rate + clamp(-Premium Rate, Max%, Min%)) / 24
Any open positions and orders will remain open. Any pending deliveries will be cancelled and need to be re-submitted as regular orders in the repo market as repo will no longer feature hourly auctions.
For more information, please read our latest blog post.
We are excited to announce that following scheduled maintenance on January 31st, the funding rate for perpetual futures will no longer be based on an hourly repo auction. Instead, it will be determined by the following formula:
Premium Rate = TWAP of ((Mark Price – Index price) / Index price)
Funding Rate = (Premium Rate + clamp(-Premium Rate, Max%, Min%)) / 24
Any open positions and orders will remain open. Any pending deliveries will be cancelled and need to be re-submitted as regular orders in the repo market as repo will no longer feature hourly auctions.
For more information, please read our latest blog post.
Coinflex
Changes to the Perp Funding Calculation
Dear CoinFLEX Community,
We are excited to announce that following scheduled maintenance on January 31st, the funding rate for perpetual futures
We are excited to announce that following scheduled maintenance on January 31st, the funding rate for perpetual futures
Dear CoinFLEX Community,
Please be advised that at 09:00am UTC tomorrow (January 31st) the exchange will undergo planned maintenance. It is expected that the exchange will be offline for approximately 30 minutes.
Please take care to manage your open positions and working orders.
For more information on the release and API changes, please read our latest blog post.
Please be advised that at 09:00am UTC tomorrow (January 31st) the exchange will undergo planned maintenance. It is expected that the exchange will be offline for approximately 30 minutes.
Please take care to manage your open positions and working orders.
For more information on the release and API changes, please read our latest blog post.
Coinflex
Changes to the Perp Funding Calculation
Dear CoinFLEX Community,
We are excited to announce that following scheduled maintenance on January 31st, the funding rate for perpetual futures
We are excited to announce that following scheduled maintenance on January 31st, the funding rate for perpetual futures
Dear FLEXers,
We are pleased to announce the successful approval of CoinFLEX’s restructuring by the Seychelles Courts.
Please read our full announcement here and stay tuned for more information coming later this week
We are pleased to announce the successful approval of CoinFLEX’s restructuring by the Seychelles Courts.
Please read our full announcement here and stay tuned for more information coming later this week
Coinflex
CoinFLEX Restructuring is Approved
Dear CoinFLEX Community,
We are pleased to confirm that on Monday, March 6th, 2023, CoinFLEX's restructuring was approved by the Seychelles courts.
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We are pleased to confirm that on Monday, March 6th, 2023, CoinFLEX's restructuring was approved by the Seychelles courts.
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Dear CoinFLEX Community,
Following our blog post on Tuesday, March 7th—we are pleased to confirm that we have received the written order from the Seychelles Courts approving our restructuring. A copy of the written order can be found here. This is a great achievement for creditors and we are working with our Seychelles counsel in terms of undertaking the practicalities to implement this plan as soon as possible and distribute the Composite of assets to creditors.
For more information, please read our latest blog post.
Following our blog post on Tuesday, March 7th—we are pleased to confirm that we have received the written order from the Seychelles Courts approving our restructuring. A copy of the written order can be found here. This is a great achievement for creditors and we are working with our Seychelles counsel in terms of undertaking the practicalities to implement this plan as soon as possible and distribute the Composite of assets to creditors.
For more information, please read our latest blog post.
Dear FLEXers,
Given the official release of the court’s ruling regarding the successful restructuring of CoinFLEX, trading of Locked Assets has now been restarted.
Happy trading!
Given the official release of the court’s ruling regarding the successful restructuring of CoinFLEX, trading of Locked Assets has now been restarted.
Happy trading!
Dear FLEXers,
Tune in at 14:30 UTC (2.5 hours from now) to hear OPNX CEO Leslie Lamb chat about the future of FLEX & OPNX with the MEXC team.
FLEX/USDT starts trading on MEXC today at 14:00 UTC 🔥
https://twitter.com/mexc_global/status/1635590994308775936?s=46&t=R7b6hw6Y2pkIeL6WwmOZrw
Tune in at 14:30 UTC (2.5 hours from now) to hear OPNX CEO Leslie Lamb chat about the future of FLEX & OPNX with the MEXC team.
FLEX/USDT starts trading on MEXC today at 14:00 UTC 🔥
https://twitter.com/mexc_global/status/1635590994308775936?s=46&t=R7b6hw6Y2pkIeL6WwmOZrw
Dear FLEXers
We’re pleased to confirm that the restructuring plan is now underway, having received official approval from the Seychelles courts last week.
As such, all Locked Assets will be converted into LUSD, according to a future snapshot of market prices that will take place at 08:00 UTC today, 15th of March, 2023.
We will release a full list of the conversion rates in an upcoming announcement.
We’re pleased to confirm that the restructuring plan is now underway, having received official approval from the Seychelles courts last week.
As such, all Locked Assets will be converted into LUSD, according to a future snapshot of market prices that will take place at 08:00 UTC today, 15th of March, 2023.
We will release a full list of the conversion rates in an upcoming announcement.
Dear FLEXers,
Yesterday, all Locked Assets were successfully converted into LUSD using a snapshot of market prices.
You can view all the snapshot rates in our blog below and find your individual account’s conversion details in your transfer history under “Dollarization”
https://coinflex.com/blog/locked-asset-conversion
Yesterday, all Locked Assets were successfully converted into LUSD using a snapshot of market prices.
You can view all the snapshot rates in our blog below and find your individual account’s conversion details in your transfer history under “Dollarization”
https://coinflex.com/blog/locked-asset-conversion
Coinflex
Locked Asset Conversion
We’re pleased to confirm that the restructuring plan is now underway, having received official approval from the Seychelles courts last week.
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Dear FLEXers,
We are excited to announce that we will begin distributing the “Composite” of assets to all our creditors in accordance with the approved restructuring terms.
As such, all LUSD trading will be permanently suspended on the 1st of April, 2023, at 12:00 UTC.
The “Composite” is made up of the following assets:
1. rvUSD tokens;
2. Equity; and
3. USDC/USDT
We expect to disperse the rvUSD component early next week, and for the issuance of equity and distribution of USDC/USDT to commence later next week.
For more information, please refer to the full announcement here: https://coinflex.com/blog/composite-distribution-notice-and-suspension-of-lusd-trading
We are excited to announce that we will begin distributing the “Composite” of assets to all our creditors in accordance with the approved restructuring terms.
As such, all LUSD trading will be permanently suspended on the 1st of April, 2023, at 12:00 UTC.
The “Composite” is made up of the following assets:
1. rvUSD tokens;
2. Equity; and
3. USDC/USDT
We expect to disperse the rvUSD component early next week, and for the issuance of equity and distribution of USDC/USDT to commence later next week.
For more information, please refer to the full announcement here: https://coinflex.com/blog/composite-distribution-notice-and-suspension-of-lusd-trading
Coinflex
Composite Distribution Notice & Suspension of LUSD Trading
We are delighted to announce that we have nearly reached the point where we can begin distributing the "Composite" of assets to our creditors in accordance with
Dear FLEXers,
We are seeing an increase in malicious actors impersonating our social media accounts and attempting to directly contact CoinFLEX users for nefarious reasons, including promises of fake airdrops & discounted OTC deals.
Please stay vigilant and know that we would never contact you first, and are NOT offering any airdrops. If you see anyone saying differently, please immediately block them and report it to a CF admin.
Stay safe & happy FLEXing 💪🏻
We are seeing an increase in malicious actors impersonating our social media accounts and attempting to directly contact CoinFLEX users for nefarious reasons, including promises of fake airdrops & discounted OTC deals.
Please stay vigilant and know that we would never contact you first, and are NOT offering any airdrops. If you see anyone saying differently, please immediately block them and report it to a CF admin.
Stay safe & happy FLEXing 💪🏻
Dear CoinFLEX Community,
As per the term sheet of our restructuring which was approved by the Seychelles Supreme Court, we are making partial distributions of the Composite of assets to creditors/LUSD holders.
Please navigate to the following page in order to claim your USDC and rvUSD distribution:
https://coinflex.com/investor/claim
For more information, please read the full announcement here: https://coinflex.com/blog/partial-coinflex-composite-distribution
As per the term sheet of our restructuring which was approved by the Seychelles Supreme Court, we are making partial distributions of the Composite of assets to creditors/LUSD holders.
Please navigate to the following page in order to claim your USDC and rvUSD distribution:
https://coinflex.com/investor/claim
For more information, please read the full announcement here: https://coinflex.com/blog/partial-coinflex-composite-distribution
Coinflex
Partial CoinFLEX Composite Distribution
Dear CoinFLEX Creditors,
As per the term sheet of our restructuring which was approved by the Seychelles Supreme Court, we are making distributions of the Comp
As per the term sheet of our restructuring which was approved by the Seychelles Supreme Court, we are making distributions of the Comp
Dear FLEXers,
As part of our evolution from CoinFLEX to OPNX, we would like to inform you that as of Friday, 28th April 2023, 06:00 AM UTC, all trading on CoinFLEX.com will be halted for good, and all open positions will be settled at an externally sourced index price.
For more information, you can read our full announcement here
As part of our evolution from CoinFLEX to OPNX, we would like to inform you that as of Friday, 28th April 2023, 06:00 AM UTC, all trading on CoinFLEX.com will be halted for good, and all open positions will be settled at an externally sourced index price.
For more information, you can read our full announcement here
Coinflex
CoinFLEX.com Trading Suspension
Dear FLEXers, Friends & our entire CoinFLEX Family,
As part of our evolution from CoinFLEX to OPNX, we would like to inform you that as of Friday, 28th Apr
As part of our evolution from CoinFLEX to OPNX, we would like to inform you that as of Friday, 28th Apr
Dear FLEXers,
As part of our transition to OPNX, we're now offering all eligible CoinFLEX users the opportunity to migrate their account balances and KYC information from CoinFLEX to OPNX for a seamless transition.
Read our full announcement here: https://coinflex.com/blog/coinflex-to-opnx-account-migration
As part of our transition to OPNX, we're now offering all eligible CoinFLEX users the opportunity to migrate their account balances and KYC information from CoinFLEX to OPNX for a seamless transition.
Read our full announcement here: https://coinflex.com/blog/coinflex-to-opnx-account-migration
Coinflex
CoinFLEX to OPNX Account Migration
Dear CoinFLEX Community,
As part of our transition to OPNX, we're now offering all eligible CoinFLEX users the opportunity to migrate their account balanc
As part of our transition to OPNX, we're now offering all eligible CoinFLEX users the opportunity to migrate their account balanc
Dear CoinFLEX Community,
We are thrilled to announce the restoration of BCH to sBCH convertibility in collaboration with the SmartBCH Alliance. This was achieved via the launch of atomicswap.cash, a portal enabling easy conversion between mainnet BCH and SmartBCH. Full details can be found here: https://smartbch.medium.com/coinflex-distributions-update-8401b63236be
We have also completed the distribution of approximately 1.8M USDC from our lender. All funds were disbursed pro rata to all creditors on CoinFLEX.US and CoinFLEX.com on June 21st, 2023, with no deductions for legal costs.
However, we wish to bring to your attention that CoinFLEX.US will cease operations on July 15, 2023. As a result, PrimeTrust, the US regulated custodian and licensed trust company handling CoinFLEX.US client funds, is currently unable to process withdrawal requests due to receivership. We advise all users to submit their withdrawal requests by July 15, 2023. All pending withdrawals will be honoured and processed from CoinFLEX US' corporate funds on July 17, 2023. We emphasize that CoinFLEX.com assets remain unaffected by PrimeTrust's situation.
We would also like to clarify that PrimeTrust is not the issuer of rvUSD, nor involved in the ongoing case related to rvUSD or any future potential redemption of rvUSD to USD or any other future Composite issuance operations.
We are currently exploring all legal routes regarding the 3 Million FLEX Coin debt owed to CoinFLEX by Blockchain.com.
We appreciate your continued support and understanding as we navigate these challenges, and look forward to sharing future updates with our dedicated community.
For any questions or further clarifications, please do not hesitate to reach out to our support team at support@coinflex.com.
Best,
The CoinFLEX Team
We are thrilled to announce the restoration of BCH to sBCH convertibility in collaboration with the SmartBCH Alliance. This was achieved via the launch of atomicswap.cash, a portal enabling easy conversion between mainnet BCH and SmartBCH. Full details can be found here: https://smartbch.medium.com/coinflex-distributions-update-8401b63236be
We have also completed the distribution of approximately 1.8M USDC from our lender. All funds were disbursed pro rata to all creditors on CoinFLEX.US and CoinFLEX.com on June 21st, 2023, with no deductions for legal costs.
However, we wish to bring to your attention that CoinFLEX.US will cease operations on July 15, 2023. As a result, PrimeTrust, the US regulated custodian and licensed trust company handling CoinFLEX.US client funds, is currently unable to process withdrawal requests due to receivership. We advise all users to submit their withdrawal requests by July 15, 2023. All pending withdrawals will be honoured and processed from CoinFLEX US' corporate funds on July 17, 2023. We emphasize that CoinFLEX.com assets remain unaffected by PrimeTrust's situation.
We would also like to clarify that PrimeTrust is not the issuer of rvUSD, nor involved in the ongoing case related to rvUSD or any future potential redemption of rvUSD to USD or any other future Composite issuance operations.
We are currently exploring all legal routes regarding the 3 Million FLEX Coin debt owed to CoinFLEX by Blockchain.com.
We appreciate your continued support and understanding as we navigate these challenges, and look forward to sharing future updates with our dedicated community.
For any questions or further clarifications, please do not hesitate to reach out to our support team at support@coinflex.com.
Best,
The CoinFLEX Team
Medium
Coinflex Distributions Update
Dear SmartBCH users,
We would like to remind you about the transition from FLEX to OX on Tuesday, July 18th. All user-held FLEX on OPNX and CoinFLEX has been automatically converted to OX at the 1:100 conversion rate.
Please note, this transition and conversion rates apply only to OPNX and CoinFLEX users with FLEX held in their accounts. Users with on-chain FLEX or those staked in the FLEX DAO have not be affected by this change.
Please note, this transition and conversion rates apply only to OPNX and CoinFLEX users with FLEX held in their accounts. Users with on-chain FLEX or those staked in the FLEX DAO have not be affected by this change.
We'd like to provide more information about the recent conversion from FLEX to OX tokens on July 18, 2023. You have several options:
1. Hold your OX tokens on CoinFLEX.
2. Transfer your OX tokens to a personal wallet.
3. Stake your OX tokens in the OPNX Herd staking platform, compatible with ERC-20 MetaMask wallets.
If you choose to stake, you are still eligible for a 1:125 bonus when staking OX for 3 months. Currently, staking is only supported on ERC-20 (Ethereum). To claim this bonus, please reach out to us at support@coinflex.com after staking. Once we confirm the staking duration and that the source of OX is from the FLEX conversion, we will manually issue your bonus.
1. Hold your OX tokens on CoinFLEX.
2. Transfer your OX tokens to a personal wallet.
3. Stake your OX tokens in the OPNX Herd staking platform, compatible with ERC-20 MetaMask wallets.
If you choose to stake, you are still eligible for a 1:125 bonus when staking OX for 3 months. Currently, staking is only supported on ERC-20 (Ethereum). To claim this bonus, please reach out to us at support@coinflex.com after staking. Once we confirm the staking duration and that the source of OX is from the FLEX conversion, we will manually issue your bonus.