“Mark Lamb, the CEO of embattled cryptocurrency exchange CoinFlex, said that withdrawals will probably not restart on Thursday as the company initially hoped.”

“To fix the $47 million hole in CoinFlex’s balance sheet, the company is issuing a token called Recovery Value USD, or rvUSD, and enticing investors with a 20% interest rate.”

Can you extend a Ponzi Scheme by starting a new Ponzi scheme? Asking for a friend

https://www.cnbc.com/2022/06/29/coinflex-ceo-unlikely-to-resume-withdrawals-thursday.html#:~:text=Embattled%20cryptocurrency%20exchange%20CoinFlex%20will,tomorrow%2C%22%20Lamb%20told%20CNBC.

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