Crypto Exchange News Is A Mixed Bag
CoinFLEX issued an update late last Friday via their blog, notifying the public that CoinFLEX expects to cut costs by as much as 60% – a mix of employee and non-employee cuts. The massive cuts intend to be the ‘right size’ for a potential partnership or acquisition.
Cryptocurrency exchange Vauld, one of the exchanges heavily affected by Three Arrow Capital’s stoopidness, received a three-month extension from the Singapore High Court. We recently covered Nexo’s ($NEXO.X) involvement with Vauld on July 20, 2022, Litepaper. Nexo has an exclusive due diligence period with Vauld to determine whether they want to buy Vauld.