David and I just wrote up a story on CoinFlex — a small exchange that we hadn’t heard of until recently. This is a fascinating story, which I am sure will get more interesting. David posted the story on his blog.
CoinFLEX also turns out to run a huge dark-pool crypto derivatives exchange and/or repo market, serving some notable proportion of the wider crypto trading market.
Mark Lamb, who runs the exchange, has found himself $47 million short. An ultra high net work individual owes CoinFlex money, Lamb says. Apparently, this individual turns out to be Roger Ver.
Lamb has come up with a way to solve the problem, and it all has to do with the magic of tokenization! You’ll want to listen to the entire Bloomberg interview.
Where to we find the Bloomburg interview? It wasn’t obvious to me.
Thank you,
Veronica
It’s linked in the full article on David Gerard’s blog. Lamb talks about the rvUSD token. https://www.bloomberg.com/news/videos/2022-06-27/coinflex-launches-rvusd-token-to-solve-withdrawal-freeze-video