The owners of the bankrupt #3AC #crypto hedge fund launched the #OPNX exchange, whose Twitter account was deleted shortly after the exchange's first day of operation.
The new OPNX Exchange became operational on April 5, as noted in the post that was updated. This exchange is made for #trading #bankruptcy claims from declining crypto-institutions, like their insolvent hedge fund. It is unclear how bankruptcy pronouncements, which are extremely confidential and individualized, could be exchanged on a public exchange without the consent of bankruptcy trustees or the court.
CoinFLEX and FLEX tokens have been transferred to OPNX in accordance with the most recent bankruptcy reorganization plan. The "3AC brothers" exchange began accepting users and dispersing tokens on April 4.
Davies and Su chose to stick with the concept, nevertheless. The entire trading volume on OPNX for the previous 24 hours was $1.26 on the first trading day. OPNX quickly denounced the story, stating that the exchange's 24-hour trading volume was $13.64, or 982% greater than what was allowed. The following day, Su Zhu asserted that the exchange had facilitated $373 worth of trading.
Su Zhu said that the US authorities had shut down OPNX's official Twitter account at 3:00 PM on April 6 and included a link to the Chinese Telegram group. But he continued to withhold the precise reason.
Because the new project's goal was fundamentally flawed, it was frequently attacked and derided by the community. While creditors continue to demand roughly $3.5 billion from the founders of the 3AC hedge fund, they are working on their newest project.
This news is republished from https://coinaquarium.io/