CoinFLEX Lenders Give Their Support to Platform’s Business Restructuring Plan

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The lenders of crypto derivatives platform CoinFLEX have given their support to the proposal to restructure the company’s business ahead of schedule.

The survey, which runs on the Snapshot platform, will end tomorrow. However, just a few hours after the start of the process, tokens representing 99.96% of the creditors’ assets were blocked in favor of the offer.

The CoinFLEX business restructuring plan assumes that 65% of the company’s capital will be transferred to creditors, another 15% to the ESOP team, and Series B investors will remain shareholders.

CoinFLEX suspended on June 24 user withdrawals due to “extreme market conditions” and “counterparty uncertainty.”