Open Trade Token (OX), the native token of the crypto chapter claims platform OPNX, spiked 50% simply 20 minutes after co-founder Su Zhu supposedly posted to X (Twitter) for the primary time since his arrest.
On Dec. 1, Su posted a easy “gm” — an abbreviation for “good morning” — marking his first X publish since Sept. 29, the identical day he was arrested at Singapore’s Changi Airport trying to go away the nation.
gm
— 朱溯 (@zhusu) December 1, 2023
Within the 20 minutes after Su’s X publish, OX jumped practically 50% to $0.021 and hit a 63-day excessive — a value not seen because the day of Su’s Sept. 29 arrest, based on CoinGecko knowledge.
Shortly after the worth peak, OX retraced by round 6%. It is market cap now sits at over $104.5 million.
Su was arrested on Sept. 29 when trying to go away Singapore following a courtroom order to ship him to jail for contempt of courtroom.
The order was meant to see Su serve 4 months’ imprisonment — which means he wouldn’t be launched till subsequent 12 months, although some have speculated he could have been launched after a pockets labeled “suzhu.eth” — believed to belong to Su (although unconfirmed) — grew to become lively once more on Nov. 29.
OPNX, quick for Open Trade, is a platform permitting for the commerce of creditor claims from bankrupt crypto corporations.
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Su and co-founder Kyle Davies based the change following the chapter of their $10 billion Singapore-based crypto hedge fund Three Arrows Capital (3AC) — which folded in June 2022.
Su and Davies each initially fled Singapore after 3AC’s collapse. Su returned and Davies is believed to reside on the Indonesian island of Bali.
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