In accordance with DTR 5.6.1, the Company hereby notifies the following: Thunder Bay, Ontario--(Newsfile Corp. - March 1, 2023) - Kesselrun Resources Ltd. (TSXV: KES) (OTCQB: KSSRF) ("Kesselrun" or the "Company") is pleased to announce that the Company will be exhibiting at the annual Prospectors and Developers Association of Canada ("PDAC") convention, the world's premier mineral exploration and mining event, which will be held in person in Toronto from Sunday, March 5th to Wednesday, March 8th, 2023. If the claim is worth $1,000, maybe someone would buy it for $300 worth of crypto and take their chances of making back more though the . Be a smarter, safer investor in eight weeks. A month after CoinFLEX froze withdrawals last May, citing uncertainty involving a counterparty, Lamb took to Twitter to claim that longtime Bitcoin evangelist Roger Ver owes CoinFLEX $47 million worth of the stablecoin USDC, adding a default notice had been served. Lamb declined to comment about the state of his dispute with Ver. . Recognised In house R&D by DSIR (Department of Science and Industrial Research, Government of India). CoinFlex said it would issue $47 million of a digital coin it is calling Recovery Value USD, or rvUSD. You must be palisades amusement park deaths to post a comment. Our primary assets are in FLEX Coins and we hold about 26m+ (units) in our inventory. , which also lists CoinFLEX as the only centralized exchange that still supports the token. Blockchain.com Shopping Assets to Fill $270M Hole From Three Arrows Capital: Sources. CoinFLEX has provided no evidence, documentation, or on-chain data to support their claims, the Blockchain.com statement read. The exchange was cofounded in 2019 by Sudhu Arumugam and CEO Mark Lamb. Twitter appeared to experience an outage early Wednesday. Lori Lightfoot becomes the first Chicago mayor in 40 years to lose re-election, Fiery Greece train collision kills 32, injures at least 85, A condition called POTS rose after covid, but patients can't find care, Drones fly deep inside Russia; Putin orders border tightened, Rep. Lauren Boebert Gets Absolutely Schooled By Jamie Raskin Using Trump's Own Words, Twitter outage: Thousands of users report difficulties, 'Welcome to Twitter' message, Sterling subdued after Bailey says 'nothing decided' on future rate hikes, Pour Salt Down Your Drain At Night, Here's Why, NULASTIN and Ina Labs Announce 'Real Talk. The crypto exchange is launching a recovery token because of debt owed by a high-net-worth customer. CoinFLEX Says Roger Ver Owes It $47M USDC as Spat Turns Public . . Lamb is believed to receive a good salary which is over his deputy who receives $122, 000 U. All Rights Reserved. Crypto exchange CoinFLEX is demanding that Blockchain.com return $4.3 million worth of FLEX coins or face legal proceedings, claiming it lent the Luxembourg-based financial services company a combined 3,000,000 FLEX coins last year, according to a demand notice obtained by, This is completely false, Blockchain.com told, The demand is based on an AMM+ (automated market maker) Participation Agreement allegedly entered into on April 12, 2022, when Bitcoin. SmartBCH (sBCH) is a side chain project we have supported from Day 1 as the on-ramp and off-ramp bridge. Today's Forecast: Early light wintry mix; otherwise mostly cloudy. is kyle brandt related to gil brandt . It promised to crack the claims market: Unlike competing claims market operators, GTX would allow customers to use claims as collateral for trading. We have been speaking to [Ver] on calls frequently about this situation with the aim of resolving it, said Lamb in his tweet thread. They may well reach out to you guys for general community guidance in the main telegram chat as everyones views are important when looking to resolve this difficult situation. Not only do I not have a debtto this counter-party, but this counter-party owes me a substantial sum ofmoney, and I am currently seeking thereturn of my funds. The tweet where Ver claims that the exchange owes him money was outright denied by Lamb. CoinFLEX is the first physically delivered crypto futures exchange in the world. Additionally, Mark Lamb has had 6 past jobs including Co-founder and Head of Liquidity Relationships at Coinfloor. The exchange was cofounded in 2019 by Sudhu Arumugam and CEO Mark Lamb. CoinFlex said in normal circumstances it would automatically liquidate the investor's position but the trader had a clause in his account that did not allow that to happen. Uncensored. He built his own trading firm as well as co-founded TickIt, the trading software company. Disclaimer: Our articles are NOT financial advice, we are not financial advisors. Once this is fully verified and after the first withdrawal process is successfully implemented, we will look to make additional balances available for immediate withdrawal. The data will be anonymized however, CoinFlex said. Ver did not immediately respond to, As Ver and Lambs quarrel continued, CoinFLEX. The first estimate of $47m which we communicated did not include the significant loss in liquidating his significant FLEX coin positions. In the second half of Benzinga's latest "Moon or Bust" crypto livestream hosts Ryan McNamara and Aaron Bry interviewed Mark Lamb, co-founder and CEO of CoinFLEX , a company committed to. You may unsubscribe at any time by clicking the unsubscribe link included in the newsletter. As Ver and Lambs quarrel continued, CoinFLEX announced last July that customers would be able to withdraw some funds from the exchange but in a limited fashion. Mark Lamb Height, Weight & Measurements At 58 years old, Mark Lamb height is 5 ft 9 in (175 cm) and Weight 179 lb (81 kg; 12 st 11 lb). Lamb's Coinfloor turned into the UK's leading bitcoin exchange focussing on consumers and investors buying, selling and trading the virtual currency. Mark Lamb (@MarkDavidLamb) June 28, 2022. The revelation came after Ver, who is also referred to as "Bitcoin Jesus," publicly denied rumors that . Lamb wrote that there is a written contract that obligates Ver to guarantee negative equity on his account. Learn more about Consensus 2023, CoinDesks longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. You dont want to be associated with 3AC, one user stated. This does come with some implications that we wanted everyone to be aware of: Please note that significant technology, operational and legal work are required to put all the above in place, so we expect implementation to take a week (hopefully sooner). More from Forbes 30 Under 30 - Europe - Finance 2017 List. Mark Lamb is the author of Notes COINFLEX CoinFLEX is a spinoff of the long-standing UK spot exchange, Coinfloor. These rumorsare false. Unfortunately, there still remains a significant deficit of about US$84 million so we have commenced action to recover this debt. Gox Bankruptcy Repayments Unlikely to Destabilize Bitcoin: UBS, Voyager's Reward Program Lost $58M in 2022: Court Filing, Nigeria Picks Bola Tinubu as President Amid Cash Shortages, Bitcoin Jumps 4% as Upbeat China Manufacturing Data Improves Risk Appetite, launch a Recovery Value USD (rvUSD) token. The cryptocurrency exchange grabbed headlines a few days ago after it paused withdrawals on its platform claiming one of its investors failed to repay a $47 million debt. Our lawyers believe that we have a very strong case and have commenced legal actions to recover debts owed to us pursuant to this agreement. Lamb and CoinFLEX claim to be launching a new liability token, called "Recovery Value USD" (rvUSD), which they hope to sell to cover the $47 million balance. On the date we implement this plan, we will temporarily close trading and will close off all long and short futures positions against each other. The company operates a. What they're saying: "We are the right team to build it," Open Exchange's manifesto reads, alluding to the wrongs that led to FTX's collapse while disclosing little of the founders' own histories related to last year's crypto credit crisis. His liability to pay is a personal liability which means the individual is personally liable to pay the total amount, so our lawyers are very confident that we can enforce the award against him. CoinFlex said it hopes to resume withdrawals on June 30. Dating & Relationship status He is currently single. Mark Lamb, CoinFLEX CoinFLEX is attempting to do so by creating a derivatives-based market that achieves the same outcome as classical repo, albeit one with crypto characteristics. The arbitration process is not a quick process and we estimate that it will take approximately 12 months prior to getting a judgment in Hong Kong. We will explain our plans to enable limited withdrawals. About Mark Lamb Lamb's Coinfloor turned into the UK's leading bitcoin exchange focussing on consumers and investors buying, selling and trading the virtual currency. Mark created CoinFLEX in 2018, the first deliverable crypto futures exchange and launched flexUSD, the only stablecoin to pay interest. Crypto exchange CoinFLEX filed for restructuringin Seychelles last year. pic.twitter.com/hNGTrW9dHz. Accordingly, the new rvUSD token is an attempt to monetize this personal guarantee, in the form of a liability. Mark Lamb is the CEO of CoinFLEX. Su and Davies were served subpoenas over Twitter on Jan. 5 after they refused to accept service through their counsel in Singapore, where the company is based. Get the latest versions of the top games in 2023. These rumors are false. The demand is based on an AMM+ (automated market maker) Participation Agreement allegedly entered into on April 12, 2022, when Bitcoin struggled at $40,000. The withdrawals were restricted to 10% of users funds and excluded the platforms stablecoin, flexUSD. Ecora Resources PLC (LSE:ECOR)(TSX:ECOR) announces that on 27 February 2023 the Company transferred 47,244 ordinary shares of 2 pence each in the Company ("Ordinary Shares") out of treasury (the "Transfer"), to satisfy awards vesting under the Company's Deferred Share Bonus Plan for a number of employees, including Mr. Kevin Flynn, Chief Financial Officer of the Company. Get 5 free searches. If we do not sell the coins while BTC has moved from $20,000 to $100,000, we would have to recover 0.9 BTC for Bob that is worth $90,000, while the USDC debt that we recover might not be able to cover the BTC required. We have formed a stakeholder working group with some of the largest stakeholders (depositors) on CoinFLEX. We are excited about this possible joint venture arrangement as this would result in the launch of a stock (US equities) repo markets and deliverable perpetual futures platform, leveraging CoinFLEXs unique IP and technological platform. See what legalizing mushrooms can do. Bill Tresham, Executive Chairman Great Gulf Group, is pleased to announce the appointment of Kiel O'Sullivan as President of Granden Living the Group's US single-family build-to-rent business. Lamb claimed that Ver owes CoinFLEX $47 million USDC, and that the company has a written contract with him obligating him to personally guarantee any negative equity on his CoinFLEX account and top up margin regularly. is kyle brandt related to gil brandt . We wanted to make it such that the assets all match up, and that we pass on this risk to investors that understand what the risk is and are eager for this risk, Lamb told Bloomberg yesterday. Between the lines: If the claim is worth $1,000, maybe someone would buy it for $300 worth of crypto and take their chances of making back more though the bankruptcy. All Rights Reserved. The third is CoinFlex's Mark Lamb. Next month, this transatlantic pairing will go one step further when the restaurants executive chef, Elliott Grover will cook for The Oscars, alongside celebrity chef, Wolfgang Puck. The Mark Hotel Kicks Off 2023 With A Menu Of Fitness And Wellness Offerings, Taste Of The Oscars: How A British Chef Is Making His Mark In Hollywood, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. The bridge will remain closed until we resolve all the parties wishes. The Feb. 24 dated notice asserts that Blockchain.com has until March 7 to confirm it will repay the FLEX coins, and sets a deadline of March 21 for Blockchain.com to send the funds. Get Mark Lamb's email address (m*****@coinflex.com) and phone number (661-776-..) at RocketReach. In a recent tweet, the CEO of CoinFLEX, Mark Lamb, confirmed that the person who owes $47 million USDC to the exchange is Roger Ver. According to a pitch deck, they are looking to raise $25 million. rvUSD Passes Risk to the Wider Crypto Public Not only do I not have a debt to this counter-party, but this counter-party owes me a substantial sum of money, and I am currently seeking the return of my funds.. CoinFLEXone of many crypto trading platforms to, Rather, CEO Mark Lamb claims there is one man responsible for the platforms financial woes, and the reason it now seeks to raise $47 million in token sale to pay off its debt: the longtime, Roger Ver owes CoinFLEX $47 Million USDC, Lamb, on Tuesday. Try for free at rocketreach.co . Please conduct your own research and seek advice from a licensed financial advisor. The text explains that the individual recently had his account enter negative equity and has failed to provide the liquidity necessary to meet his margin call. CoinFLEX CEO Mark Lamb . In addition, they said, the proposed exchange could fill the power vacuum left by FTX and expand into regulated markets such as the stock market. The company will also give information on the collateral backing these trading positions. Crypto exchange CoinFLEX is demanding that Blockchain.com return $4.3 million worth of FLEX coins or face legal proceedings, claiming it lent the Luxembourg-based financial services company a. We see great potential as there is no exchange platform for securities lending today. I discuss this in my podcast with Mark Lamb, co-founder and CEO of CoinFLEX. Otherwise, CoinFLEX says the exchange will face the commencement of legal proceedings, including but not limited to a formal demand for payment called a statutory demand. Founder, Zeltor Technology Solutions. CoinFlex CEO Mark Lamb says crypto investor Roger Ver owes the exchange $47M in USDC, after Ver denied "some rumors" he defaulted on a debt to a counterparty The crypto exchange is launching a recovery token because of debt owed by a high-net-worth customer. Follow More from Medium Mark Vassilevskiy 5 Unique Passive Income. The transformation of value in the digital age. Between the lines: Lamb promised CoinFlex creditors a piece of the new CoinFlex. The company operates a network of bitcoin brokers providing direct settlement, educational support and on the ground sales to their customers. FatMan wrote that Ver had a long on Bitcoin Cash and CoinFLEX permitted the debt as Ver promised to pay the debt back. Firstly, Mark and I are sorry that we are all in this situation. ballymena co antrim news allison bradley stirling moss bubbles hair salon towson steve thompson bethel new york style potato salad vs southern do armadillos eat ticks albuquerque tornado 1985 willard ross brymer jr patriot express seattle schedule sasamat lake water temperature tom williams universal net worth learning hub login mr sub how does it's a disaster end according to zemke's four . The first estimate of $47m which we communicated did not include the significant loss in liquidating his significant FLEX coin positions. The exchange has now revealed that the debtor . Now that we have found a bid for that size, the liquidations have created a final deficit of $84m for the account. CoinFlex issued a notice to Blockchain.com asking the latter to return $4.3M worth of FLEX tokens. Additionally, as we navigate ahead, we want to make known a potential long-term partnership opportunity CoinFLEX is exploring. Mark Lamb (born July 14, 1972) is an American law enforcement officer who has served as the sheriff of Pinal County, Arizona since 2017. He is a successful former trader, entrepreneur, and product builder an embodiment of CoinFLEX's DNA. He rejected the allegations and, in fact, stated that the exchange owed him money. FatMan wrote that verified insider information has confirmed that the high net worth individual who owes CoinFLEX money is Bitcoin Cash advocate and CoinFLEX shareholder Roger Ver. Full time Bitcoiner since 2012. Its leaders are industry veterans whose own failed companies helped create that harm. Not only do I not have a debt to this counter-party, but this counter-party owes me a substantial sum of money, and I am currently seeking the return of my funds, Ver tweeted earlier today. We truly apologize for the trauma this situation has caused the CoinFLEX community. As the funds we are looking to recover are in USDC, we need to dollarize the obligation to confirm the total amount of the liabilities. Additionally, we are speaking with CoinFLEX depositors who are looking to help the business by rolling some of their deposits into equity. It intends to go live this week with a repo service on top of its existing platform as a crypto derivatives exchange. They propose to specifically target claims against bankrupt firms. You dont want to be associated with 3AC, one user stated. proceedings in a Seychelles court last August, where it seeks to raise $84 million to pay off its own debt. Why it matters: Open Exchange, a new venue for traders expected to launch this month, is billed as a solution for people harmed by the crypto crises. We are looking to raise a significant amount of funds from investors. A cryptocurrency price crash and the onset of a new so-called "crypto winter" has left many companies in the industry facing a liquidity crisis. . What is a microcontroller?It is basically a computer in a single chip. CoinFLEX CEO Mark Lamb has publicly revealed that Roger Ver is the high net worth client who owes the cryptocurrency exchange $47 million. How do #crypto platforms try to differentiate themselves? What Happened: In a series of tweets on Tuesday, Lamb said. CoinFLEX CEO Mark Lamb claims noted crypto investor Roger Ver owes the physical futures crypto exchange $47 million in USDC. The letter sent to Blockchain.com was from a Singapore-based law firm called Nine Yards Chambers LLC, which confirmed to. Lamb, 49, has jurisdiction over only Arizona's third most populous county, a stretch of desert wedged between Phoenix and Tucson that's home to about 500,000 people. He is not dating anyone. There has been a lot of commentary on social media around this subject, but it is well worth summarizing our position on the matter: A large individual customer had a written manual margin arrangement with CoinFLEX. First physically delivered crypto futures exchange. Ver had a long on BCH, and the platform allowed him to run a deficit because he personally guaranteed he would pay them back. Your weekly wrap of Web3 news and trends. CoinFLEXBakkt Mark Lamb CEO at CoinFLEX 8mo Sudhu Arumugam Co-founder @ CoinFLEX 8mo Edited Trailblazers in crypto indeed & not just in Hong Kong but Globally. Kesselrun's management team looks forward to discussing the HOUSTON, March 01, 2023--Informative Research (IR), a subsidiary of Stewart Information Services Corporation (NYSE:STC), today announced the acquisition of the AccountChek platform previously offered by FormFree. We spoke to a smartBCH representative and welcome the smartBCH Foundation to be a part of the CoinFLEX Stakeholder Working Group to ensure that the communitys interests are being expressed alongside all other CoinFLEX depositors. 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