Piedun: CoinFLEX's native token has dropped 37% after its restructuring proposal was announced

According to Chain Catcher news, monitoring by PeckShield indicates that the native token FLEX of the cryptocurrency exchange CoinFLEX has dropped by 37% following the announcement of its restructuring proposal.

Chain Catcher previously reported that CoinFLEX announced a restructuring proposal, where creditors will hold 65% of the company's shares. The CoinFLEX team will allocate 15% of the shares in the form of an Employee Stock Ownership Plan (ESOP). Series B investors will continue to be shareholders of the restructured company. Subsequently, CoinFLEX will announce the next steps the company will take immediately, including specific details on voting for the proposal. (source link)