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3AC Founders’ OPNX Exchange Formally Reprimanded by Dubai Crypto Regulator

According to an official notice, OPNX has been formally reprimanded by Dubai's crypto regulator for operating an unregulated exchange. CoinDesk's Jack Schickler discusses what the April 18th notice means for the bankruptcy claims exchange set up by the founders of collapsed hedge fund Three Arrows Capital (3AC).

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3AC Founders' OPNX Exchange Pormal na pinagalitan ng Dubai Crypto Regulator

Ang aksyon ng Virtual Assets Regulatory Authority na nagta-target kina Kyle Davies, Su Zhu at iba pa ay sumusunod sa dalawang liham ng pagtigil at pagtigil para sa pagpapatakbo ng isang hindi kinokontrol na palitan.

Kyle Davies (left) and Su Zhu (middle). (Kyle Davies/X)

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Major Firms Deny Backing Bankruptcy Claims Exchange OPNX

Trading firms Susquehanna International Group (SIG), DRW and venture-capital firm Nascent are denying backing OPNX, the bankruptcy claims exchange founded by the same people who created Three Arrow Capital. Separately, the Ontario Teachers' Pension Plan, which wrote off its $95 million investment in the now bankrupt cryptocurrency exchange FTX, says it won't rush into another crypto investment, according to a report from the Financial Times.

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OPNX Tweets Backers of the Bankruptcy Claims Exchange Include Susquehanna

"The Hash" panel discusses the "major investors" in OPNX, a new exchange for trading bankruptcy claims founded by the people behind failed crypto hedge fund Three Arrows Capital (3AC), includes high-profile firms, including Susquehanna International Group (SIG), the company tweeted Friday. Not long after, three of those supposed "major investors," Susquehanna International Group (SIG), DRW and Nascent, denied what OPNX said.

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