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🧵about stuff I've learned about @CoinFLEXdotcom and @MarkDavidLamb. started looking into these characters in depth a few days before they became a hot item so this is an attempt to consolidate what i've learned.
Q: What is CoinFLEX?
A: It's not an average crypto exchange.
Start with the fact that this mostly unknown CEX does huge volume. Some days its volume makes it the 3rd largest #CEX in the world on CMC.
Nums are manipulated but Binance owns CMC. I'm sure top 10 spots aren't free.
A: It's not an average crypto exchange.
Start with the fact that this mostly unknown CEX does huge volume. Some days its volume makes it the 3rd largest #CEX in the world on CMC.
Nums are manipulated but Binance owns CMC. I'm sure top 10 spots aren't free.
Many days CoinFLEX's volume makes it a peer of major exchanges like Coinbase, FTX, and Huobi. See yesterday's CMC rankings in pics.
Retail traders think of CoinFLEX as a small market mostly built around a small altcoin, $BCH (Bitcoin Cash). $BCH trades can't create this volume.
Retail traders think of CoinFLEX as a small market mostly built around a small altcoin, $BCH (Bitcoin Cash). $BCH trades can't create this volume.
Updated the stablecoin depeg bingo for the month of June with #flexUSD from @CoinFLEXdotcom
PS if you want to be added to this prestigious leaderboard you need >50M circulating supply
PS if you want to be added to this prestigious leaderboard you need >50M circulating supply
flexUSD has currently 200M outstanding and trading at 0.87$
flexUSD is backed by USDC, they are used by users to trade on margin on the platforms (mostly perp swaps)
🧵#Coinflex situation getting... weird. see @DougPolkVids tweet.
telegram groups have gone berzerk.
- wallet phishin bot takeovers
- 1000s of banned users
-pinned msgs about being hacked
see reddit link for details.
🧵👇for more
@CoinFLEXdotcom / @CoinFLEX_US #MarkDavidLamb
telegram groups have gone berzerk.
- wallet phishin bot takeovers
- 1000s of banned users
-pinned msgs about being hacked
see reddit link for details.
🧵👇for more
@CoinFLEXdotcom / @CoinFLEX_US #MarkDavidLamb
@DougPolkVids @CoinFLEXdotcom @CoinFLEX_US #CoinFLEX_US telegram (VIDEO)
(only #CoinFLEX telegram that's not a bot warzone)
(6/10) 0:00 @DougPolkVids in chat
(6/13) 0:17 Coinflex 6th biggest CEX by volume?!?
- 0:28 withdrawal issue earlier than known
(6/14) 0:41 Market makers vanish
(6/15) 1:36 $USDC liq pool issues
(only #CoinFLEX telegram that's not a bot warzone)
(6/10) 0:00 @DougPolkVids in chat
(6/13) 0:17 Coinflex 6th biggest CEX by volume?!?
- 0:28 withdrawal issue earlier than known
(6/14) 0:41 Market makers vanish
(6/15) 1:36 $USDC liq pool issues
- Non US #CoinFlex / CoinFLEXdotcom telegram pinned msg: ⚠️SCAMS⚠️
- MarkLamb (?) in weird "coiinflex" grp (May)
- so many deleted users in official channel
- wallet hacking spambots
- MarkLamb (?) in weird "coiinflex" grp (May)
- so many deleted users in official channel
- wallet hacking spambots
and there goes another exchange. @CoinFLEXdotcom has not just limited withdrawals, they have shut them off altogether.
@coingecko puts #Coinflex as ~30th largest by vol.
@CoinMarketCap has it at #3 (!!)
exchanges are really falling like dominoes now
coinflex.com/blog/coinflex-…
@coingecko puts #Coinflex as ~30th largest by vol.
@CoinMarketCap has it at #3 (!!)
exchanges are really falling like dominoes now
coinflex.com/blog/coinflex-…
@CoinFLEXdotcom @coingecko @CoinMarketCap here's what @CoinMarketCap and @coingecko have to say about size of #CoinFlex / @CoinFLEXdotcom / @CoinFLEX_US.
tl;dr coingecko says it's roughly the size of @krakenfx, coinmarketcap says it's way bigger than #FTX.
all numbers in this market are fake... but this is huge
tl;dr coingecko says it's roughly the size of @krakenfx, coinmarketcap says it's way bigger than #FTX.
all numbers in this market are fake... but this is huge
kind of a serious LOL at those @CoinMarketCap / @coingecko rankings of the size of @CoinFLEXdotcom / @CoinFLEX_US though.
the ratio of trading volume to weekly visits (AKA "the one un-fakeable number") CMC/CG are showing is... kind of hard to believe/bordering on preposterous
the ratio of trading volume to weekly visits (AKA "the one un-fakeable number") CMC/CG are showing is... kind of hard to believe/bordering on preposterous
