Opnx

Bankruptcy claims exchange OPNX has issued a new governance token dubbed "Open Exchange token" (OX), which is designed to reduce trading fees on the platform. The platform's existing native token, FLEX, surged after it was revealed in the whitepaper that FLEX can be converted for OX at a ratio of 1:100. "The Hash" panel discusses what this means for OX holders and the broader crypto ecosystem.

Jun 1, 2023

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).

May 2, 2023

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.

Apr 21, 2023

"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.

Apr 21, 2023