Cryptocurrency exchange CoinFLEX has announced that it is suspending all withdrawals due to “extreme market conditions”.
The company stated that they can completely overcome this problem.
Three Arrows Capital and lending platform Celsius were also among the companies experiencing liquidity problems. Celsius also suspended withdrawals last week and gave no indication as to how they might proceed in the future. Three Arrows Capital strives to get on well with its clients to avoid possible bankruptcy.
CoinFLEX has prepared a chart for its roadmap going forward. The exchange plans to provide a new update on the situation by June 27 and open withdrawals by June 30.
“We expect to resume withdrawals as soon as possible in a better position. We’ll be in full contact with you as we learn more”
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