- Exchange Calls CoinFLEX Statement ‘Blade Lies’
- Allegedly, the company did not provide any evidence
- The debt must be repaid by the end of March.
CoinFLEX claims that cryptocurrency exchange Blockchain.com borrowed 3 million FLEX from it in 2022. Now the company requires urgent repayment of the loan, otherwise the debtor will face a lawsuit.
This is stated Decrypt with a link to the received corporate mail. CoinFLEX sent a notice to Blockchain.com last week, February 24th.
In it, the company requires confirming the repayment of the debt by March 7, as well as making the first transfer by March 21. Presumably, we are talking about four loans totaling $4.3 million received by Blockchain.com from March to June.
“You overdue, refused or forgot to repay the debt of 3 million FLEX. If you force our client to defend his legal rights, he will naturally demand the maximum amount of compensation, including interest and penalties, ” stated in the appeal.
The claim was made by the legal agency Nine Yards Chambers LLC. It ignored a request for comment from the press.
But in Blockchain.com, their vision of the situation was nevertheless announced. The company denies the very existence of these loans:
“This is a blatant lie. CoinFLEX has not provided any evidence to the contrary. The claim is unsubstantiated and is a fabrication of an insolvent company whose clients are demanding its dissolution.”
Note that the latter is only partly true. CoinFLEX is indeed in the process of being reorganized, but Blockchain.com is also trying to patch up the $270 million hole. This damage is the result of the outstanding obligations of Three Arrows Capital.