The cryptocurrency exchange CoinFLEX issued an announcement saying, "The reorganization has been approved by the Seychelles court, and the court is expected to issue a written order this week. Trading of locked assets (LUSD, LETH, etc.) has been stopped. CoinFLEX hopes to implement the reorganization as soon as possible, and Locked asset transactions will not be restarted within 24 hours of the court order, so that all locked asset holders are fully informed.” Foresight News previously reported that in August 2022, CoinFLEX had applied for restructuring in Seychelles to address the shortage of funds Questions and seeking approval from depositors and courts.