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.
etoro: Expertise a dependable, user-friendly platform trusted by tens of millions. Keep forward within the crypto world. Board the Crypto Prepare now!
In line with a CoinTelegraph report, the trade emailed its clients, notifying them of the upcoming shutdown. It requested the purchasers 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.”
Hold Studying
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 the now-collapsed 3AC, launched OPNX (in need of the Open Change) in April 2023. This occurred a number of months after the chapter of the $10 billion crypto hedge fund. OPNX launched a novel hybrid providing to the trade, permitting merchants to commerce cryptocurrencies and the claims of a number of bankrupt crypto platforms, together with 3AC.
Nevertheless, Zhu and Davis are already in troubled waters with claimants of 3AC and regulation enforcement companies. Following the collapse of 3AC, the duo went off the grid, forcing Teneo (the agency accountable for liquidating 3AC’s property) to difficulty subpoenas for each of them through messages on X (previously Twitter). Teneo is at the moment in search of $1.3 billion from the 2 co-founders.
Additional, over $1.1 billion in property 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 non-cooperation with 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 line with a CoinTelegraph report, the trade emailed its clients, notifying them of the upcoming shutdown. It requested the purchasers 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.
etoro: Expertise a dependable, user-friendly platform trusted by tens of millions. Keep forward within the crypto world. Board the Crypto Prepare now!
“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.”
Hold Studying
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 the now-collapsed 3AC, launched OPNX (in need of the Open Change) in April 2023. This occurred a number of months after the chapter of the $10 billion crypto hedge fund. OPNX launched a novel hybrid providing to the trade, permitting merchants to commerce cryptocurrencies and the claims of a number of bankrupt crypto platforms, together with 3AC.
Nevertheless, Zhu and Davis are already in troubled waters with claimants of 3AC and regulation enforcement companies. Following the collapse of 3AC, the duo went off the grid, forcing Teneo (the agency accountable for liquidating 3AC’s property) to difficulty subpoenas for each of them through messages on X (previously Twitter). Teneo is at the moment in search of $1.3 billion from the 2 co-founders.
Additional, over $1.1 billion in property 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 non-cooperation with the liquidation course of.
