CoinFLEX, a Hong Kong-based physical futures crypto exchange, announced last Saturday that it has taken legal action to recover $84 million from a single long-term serving client.
Last month, the exchange suspended withdrawals after a counterparty later revealed as longtime crypto investor Roger Ver failed to repay $47 million from a margin call.
Last Saturday, the exchange further revealed that the total amount owed by the investor is $84 million. The exchange said so after it calculated a final amount of losses from significant positions in its native FLEX token.
CoinFLEX co-founders Sudhu Arumugam and Mark disclosed that the exchange has begun an …
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