CoinFLEX files for restructuring

The cryptocurrency exchange CoinFLEX announced they had filed for restructuring, a move that probably didn't surprise too many people after they stopped customer withdrawals in June, sued Roger Ver over $84 million they claimed he owed them in July, and then significantly cut staff in order to try to massively reduce their costs.

As tends to happen with insolvent exchanges, they are hoping to "compensate" their depositors with a mix of CoinFLEX-issued tokens and equity, rather than actual money or more liquid, established cryptocurrencies.