Here's an article from CoinDesk on this:

> CoinFLEX was spun off from Coinfloor Group in 2019.

*CoinFLEX Pauses Withdrawals Amid ‘Extreme Market Conditions’ and Counterparty Uncertainty*
https://www.coindesk.com/business/2022/06/23/coinflex-pauses-withdrawals-amid-extreme-market-conditions-and-counterparty-uncertainty
https://archive.ph/ayv6e <-- An archive, which may be easier to read

cryptocoin

Due to extreme market conditions last week & continued uncertainty involving a counterparty, today we are announcing that we are pausing all withdrawals.

bitcoin

Dear CoinFLEX Community

> Due to extreme market conditions last week & continued uncertainty involving a counterparty, today we are announcing that we are pausing all withdrawals. 