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.