Cryptocurrency exchange CoinFLEX announced a restructuring proposal. Creditors will own 65% of the company's shares, and the CoinFLEX team will be allocated 15%. Over time, they will invest in the employee stock option plan (ESOP). At the same time, investors in the B round will also Continue to be a shareholder of the restructured company. CoinFLEX will then publish the next steps the company will take immediately, including specific details on voting on the proposal. In addition, the proposal also includes an agreement with the BCH Alliance, which will make the BCH Alliance assume the responsibility of the SmartBCH cross-chain bridge. If approved, it will mean that "BCH on the SmartBCH network will be exchanged for BCH at a ". Foresight News previously reported that in August CoinFLEX had filed for reorganization in Seychelles and would seek depositor and court approval to issue rvUSD tokens, CoinFLEX shares and locked FLEX tokens to depositors.