Furthermore, the spokesperson hinted that CoinFLEX may be completely rebranded into this new entity – a smart move, considering the number of potential investors who have already heard of the company’s woes and may not be too keen on casting their lot with them again.The press release continued in an upbeat tone, informing the unfortunate investors left holding CoinFLEX’s bags that the new platform will raise creditors’ equity, with the ultimate goal of making them whole.
However, the wording is pretty vague. According to the press release, funds raised will be put towards “operational growth,” which Lamb and Arumugam “strongly believe” will increase value for creditors. Unfortunately, operational growth can mean anything. Spending obscene amounts on naming rights for sports stadiums, for instance, is a favorite trick of yet another “crypto bankruptcy expert.”SPECIAL OFFER