CoinFLEX Files for Restructuring in Seychelles Court

CoinFLEX files for restructuring in Seychelles court and announces the 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." The restructuring motion was filed as the company sought to "resolve a shortfall due to a counterparty failing to make a margin call".