CoinFLEX Initiates $84 Million Arbitration Along With Limited Withdrawals
CoinFLEX, a platform for cryptocurrency investments, is pressing forward with its goal to retrieve $84 million in money by initiating arbitration proceedings against an individual account holder in Hong Kong. In their announcement made on Saturday, co-founders Sudhu Arumugam and Mark Lamb admitted that the ruling would enable access to the individual’s assets located anywhere in the globe, and that their attorneys were quite sure that they could enforce the award. Buy the Dip Now Your capital is at risk. Taking a Step in the Right Direction The team at CoinFLEX has started the arbitration process at HKIAC in order to collect these 84 million dollars since the individual in question was under a legal responsibility to pay according to the agreement but had refused to do so. The company, on the other hand, pointed out that the procedure in Hong Kong may take up to a year to complete. After then, the company will be able to enforce that judgment against all of his asset...