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FlexUSD stable coin investment failed

  • Writer: j.e.vega
    j.e.vega
  • Sep 2, 2022
  • 1 min read

Updated: Sep 12, 2022



Last April 2022, I invested in a stable coin called $flexUSD. I posted about this stable coin here. I mentioned that I wanted to try keeping this here for a year and see if the 10%-20% APY is true. And I would like to update my readers about this investment.


Don't invest in $flexUSD.

There's an issue with CoinFlex and all yields and withdrawals are stopped / blocked at the moment. So, my money is currently stuck in CoinFlex and I couldn't withdraw it. I tried to withdraw last week since they posted that they will allow withdrawals (but not full amount). I checked it out and they only allow max withdrawal limit that is 10% of the total amount. But there are website errors when I tried to withdraw, it won't proceed at all. I contacted their support but I have no hope that someone will reply to me soon.


As I always tell everyone, only invest the money you are willing to lose. I'm not panicking right now, it sucks, but there's nothing I can do about it. Perhaps if the company survives this, I can get my money in the future, but as of now, I'll just think I lost that money.

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