Cryptocurrency derivatives platform CoinFLEX has just demanded that Blockchain.com pay it back 3 million FLEX tokens (about $4.5 million) that it allegedly loaned to the company in 2022.
The company has reportedly called the claim "completely false."
Singapore law firm Nine Yards Chambers is representing CoinFLEX's interests.
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Blockchain.com must reportedly confirm its willingness to pay the debt by March 7, 2023 and transfer funds by March 21. Otherwise, lawyers have threatened to sue for payment of the amount, interest and reimbursement of costs.
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Four loans allegedly issued between March and June of last year are involved.