Daniel from Improve Press
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.
Based on a CoinTelegraph report, the alternate 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 neighborhood 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, wanting the Open Trade, in April 2023, months after the chapter of the $10 billion crypto hedge fund. The alternate introduced a singular hybrid providing to the business: 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 regulation enforcement. Following the collapse of 3AC, the duo disappeared, forcing Teneo, the agency in command of liquidating 3AC’s belongings, to subpoena them through messages on X (previously Twitter). Teneo is at present searching for $1.3 billion from the 2 co-founders.
Additional, over $1.1 billion in belongings of Zhu, Davies, and Davies’ spouse, Kelly Chen, had been frozen following a British Virgin Islands court docket 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.
Based on a CoinTelegraph report, the alternate 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 neighborhood 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, wanting the Open Trade, in April 2023, months after the chapter of the $10 billion crypto hedge fund. The alternate introduced a singular hybrid providing to the business: 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 regulation enforcement. Following the collapse of 3AC, the duo disappeared, forcing Teneo, the agency in command of liquidating 3AC’s belongings, to subpoena them through messages on X (previously Twitter). Teneo is at present searching for $1.3 billion from the 2 co-founders.
Additional, over $1.1 billion in belongings of Zhu, Davies, and Davies’ spouse, Kelly Chen, had been frozen following a British Virgin Islands court docket order. Final yr, the Singapore police even arrested Zu for not serving to within the liquidation course of.
