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Once one of China’s most successful developers, Evergrande has been labeled a defaulter and is more than $300 billion in debt. Now it’s racing to restructure as bondholders warn of possible enforcement action.
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Why Trump’s Mar-a-Lago Document Dump May Be a Crime
US Tax Bill Costs Corporations Nearly $300 Billion More, While Middle Class Pays Less
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We Shouldn’t Be Afraid to Prosecute Trump
Over New York, London and Hong Kong? Time to Move On
How Employers Benefit From Offering Unlimited Paid Time Off
The Rise of the LinkedIn B2B Influencer
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The Baton Rouge Secession Attempt That Could Defund the Police
Coinbase Disappoints With User Forecast, Revenue Miss
CoinFlex Crypto Exchange Files for Restructuring in Seychelles
This Entrepreneur Is Betting the Future of Retail Runs on the Blockchain and Discord
Yueqi Yang
Cryptocurrency exchange CoinFlex said it has filed for restructuring in a Seychelles court, as it seeks to resolve a shortfall due to a counterparty failing to make a margin call.
The company sent out a notice on its 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.
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