CoinFlex CEO says users may have to wait longer than expected to make withdrawals: CNBC

CoinFlex users will probably have to wait longer than initially expected to withdrawal money, CEO Mark Lamb told CNBC on Wednesday.Recall that the derivatives-focused cryptocurrency exchange said earlier this week it will issue $47M in so-called Recovery Value USD ("rvUSD") Token in a bid to unfreeze customer withdrawals. Its move to suspended withdrawals came amid a broad market downturn often referred to as "crypto winter."“We will need more time. And it’s unlikely that withdrawals will be re-enabled tomorrow,” Lamb said, as quoted by CNBC. After high-net-worth customer Roger Ver failed to repay an outstanding debt of $47M to CoinFlex, Lamb explained to CNBC “we don’t know what’s going to happen after if he doesn’t repay or if he does repay, our focus right now is on ... getting ... these funds raised,” adding “that one way of another, this recovery is going to happen.”Earlier, FTX's Sam Bankman Fried said more failures among crypto exchanges are coming.