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SmartBCH: Received Partial Crypto Assets Repaid by CoinFLEX

By [HPQEV](https://paragraph.com/@hpqev) · 2023-06-27

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The SmartBCH Alliance stated in its blog that it has received 4,281,291.42 rvUSD, 651,928.02 USDC, and 6,834.015 BCH from the encrypted exchange CoinFLEX, of which 521,542.4 USDC (80%) of the received USDC has been converted into 3,924.84 BCH, and the remaining 20 % will be retained for legal and other operating expenses. In addition, the SmartBCH Alliance is opening an account on OPNX and will gradually convert rvUSD into BCH on the exchange.

As of now, the SmartBCH Alliance is entitled to but has not yet received Coinflex’s assets including: Coinflex’s common stock (which will be distributed to creditors in proportion), and Coinflex’s 1 board seat. Coinflex is still undergoing the legal process of reorganization and will update it in time if there is any significant progress.

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*Originally published on [HPQEV](https://paragraph.com/@hpqev/smartbch-received-partial-crypto-assets-repaid-by-coinflex)*