OPNX, a hybrid platform for buying and selling chapter claims and cryptocurrencies, has confirmed the closure of all its operations by February 14. The platform was launched by failed hedge fund Three Arrows Capital (3AC) co-founders final yr.
In accordance with a CoinTelegraph report, the trade emailed its clients, notifying them of the upcoming shutdown. It requested the shoppers to shut all open positions by February 7 and withdraw the funds by February 14. The e-mail additional confirmed that the platform will cease all withdrawals after the deadline.
“We want to inform you that OPNX.com will formally stop operations and shut down in February 2024,” the e-mail learn. “We’re devoted to making sure an orderly closure for all customers.”
“We’re deeply grateful to every member of the OPNX group for his or her dedication and belief. As we conclude this chapter, we cherish the experiences shared and look forward with gratitude.”
The e-mail despatched by OPNX to its clients, Supply: CoinTelegraph
Two Controversial Crypto Entrepreneurs
Su Zhu and Kyle Davies, the 2 co-founders of now-collapsed 3AC, launched OPNX, in need of the Open Trade, in April 2023, months after the chapter of the $10 billion crypto hedge fund. The trade introduced a novel hybrid providing to the trade: it allowed merchants to commerce cryptocurrencies and the claims of a number of bankrupt crypto platforms, together with 3AC.
Zhu and Davis are already in troubled waters with claimants of 3AC and legislation enforcement. Following the collapse of 3AC, the duo disappeared, forcing Teneo, the agency in control of liquidating 3AC’s belongings, to subpoena them by way of messages on X (previously Twitter). Teneo is presently looking for $1.3 billion from the 2 co-founders.
Additional, over $1.1 billion in belongings of Zhu, Davies, and Davies’ spouse, Kelly Chen, have been frozen following a British Virgin Islands courtroom order. Final yr, the Singapore police even arrested Zu for not serving to within the liquidation course of.
OPNX, a hybrid platform for buying and selling chapter claims and cryptocurrencies, has confirmed the closure of all its operations by February 14. The platform was launched by failed hedge fund Three Arrows Capital (3AC) co-founders final yr.
In accordance with a CoinTelegraph report, the trade emailed its clients, notifying them of the upcoming shutdown. It requested the shoppers to shut all open positions by February 7 and withdraw the funds by February 14. The e-mail additional confirmed that the platform will cease all withdrawals after the deadline.
“We want to inform you that OPNX.com will formally stop operations and shut down in February 2024,” the e-mail learn. “We’re devoted to making sure an orderly closure for all customers.”
“We’re deeply grateful to every member of the OPNX group for his or her dedication and belief. As we conclude this chapter, we cherish the experiences shared and look forward with gratitude.”
The e-mail despatched by OPNX to its clients, Supply: CoinTelegraph
Two Controversial Crypto Entrepreneurs
Su Zhu and Kyle Davies, the 2 co-founders of now-collapsed 3AC, launched OPNX, in need of the Open Trade, in April 2023, months after the chapter of the $10 billion crypto hedge fund. The trade introduced a novel hybrid providing to the trade: it allowed merchants to commerce cryptocurrencies and the claims of a number of bankrupt crypto platforms, together with 3AC.
Zhu and Davis are already in troubled waters with claimants of 3AC and legislation enforcement. Following the collapse of 3AC, the duo disappeared, forcing Teneo, the agency in control of liquidating 3AC’s belongings, to subpoena them by way of messages on X (previously Twitter). Teneo is presently looking for $1.3 billion from the 2 co-founders.
Additional, over $1.1 billion in belongings of Zhu, Davies, and Davies’ spouse, Kelly Chen, have been frozen following a British Virgin Islands courtroom order. Final yr, the Singapore police even arrested Zu for not serving to within the liquidation course of.
