OPNX, the new exchange founded by Three Arrows Capital's co-founders Kyle Davies and Zhu Su, is now live.

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OPNX, a decentralized platform for open finance and Web 3.0 applications, has revealed that it has partnered with 3AC Ventures, a new venture capital firm that invests in blockchain and crypto projects.

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#decentralizedfinance

1. An address starting with 0xc7c, labeled 'Teneo: 3AC Liquidation,' currently holds $602 million in crypto assets.

2. The majority of its holdings are in WLD (Worldcoin) with a value of $567 million (75 million tokens), constituting 94.1% of the wallet's total assets.

3. Other assets in the wallet include 8.437 million DYDX (approximately $26.91 million), 5.75 million USDC, and 160,000 AXS (worth approximately $1.32 million).

4. The address is associated with Three Arrows Capital, indicating significant investment in Worldcoin in 2021.

5. Zhu Su expressed satisfaction that 3AC (Three Arrows Capital) creditors are among the largest WLD holding addresses.

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Open Exchange (OPNX) , a cryptocurrency exchange founded by Three Arrows Capital co-founders, will close operations in two weeks, requiring trading positions to be closed by February 7 and funds withdrawn by February 14.

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⚡️ Genesis agrees to settle $1B in claims by Three Arrows Capital with $33M payment

Bankrupt crypto lender Genesis will settle $1B in claims by defunct crypto hedge fund Three Arrows Capital (3AC) with a payment of $33M. The Three Arrows Capital hedge fund brought charges against Genesis after its collapse back in 2022, referring to transfers made prior to the bankruptcy.

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