Opnx


Markets

OPNX Founder Su Zhu Says Shutdown Comes Because FTX Estate Claims Reached 'Recovery'

OPNX's volume peaked at just over $600,000, according to CoinGecko data.

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

Finance

OPNX, the Exchange Built by Founders of Doomed Hedge Fund Three Arrows, Is Shutting Down

Customers were advised to settle their positions by Feb. 7 and withdraw their money by Feb. 14.

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

Policy

Crypto Exchange Linked to 3AC Founders Drops Lawsuit Against Mike Dudas

OPNX in June sued the venture investor and crypto personality for defamation.

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

Finance

Hobbled Crypto Exchange's Creditors Are Suing Its CEO and Want to Claw Back Money From 'Bitcoin Jesus'

CoinFLEX CEO Mark Lamb breached his fiduciary duty when he created a new company, OPNX, with the founders of failed crypto hedge fund Three Arrows Capital, creditors argue. They are also critical of a deal Lamb struck with early BTC evangelist Roger Ver.

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

Policy

3AC Founders' OPNX Fined $2.7M by Dubai Crypto Regulator

The exchange co-founded by Kyle Davies, Su Zhu and Mark Lamb was formally reprimanded by the Virtual Assets Regulatory Authority (VARA) in May.

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

Finance

FTX, Celsius Bankruptcy Claims Can Now Be Sold on OPNX

Users will be able to convert their FTX or Celsius claims into the platform's reborn OX (reOX) or oUSD tokens.

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

Finance

OPNX Files Defamation Lawsuit Against Mike Dudas, Issues Justice Tokens

The bankruptcy claims exchange from Kyle Davies and Su Zhu – the founders of failed hedge fund Three Arrows Capital – has also issued Justice Tokens that offer exposure to defamation lawsuits.

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

Finance

Bankrupt Hedge Fund 3AC's Return as a VC Stirring Up Crypto Community

3AC co-founder Kyle Davies told CoinDesk that the new entity aims to provide support for projects that are building for a decentralized future, but skeptics have recalled the original firm’s tainted past.

(Unsplash)

Videos

Bankruptcy Claims Exchange OPNX Issues New Governance Token

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.

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Finance

Bankruptcy Claims Exchange OPNX Issues New Governance Token, FLEX Rises 16%

FLEX holders can convert their tokens for OX at a ratio of 1:100.

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

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