Notorious OPNX Exchange Discloses Investors, Faces Backlash
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OPNX, a marketplace for crypto claims trading and derivatives co-founded by the same people who made the now-collapsed hedge fund Three Arrows Capital (3AC) and troubled crypto exchange CoinFLEX, has disclosed its list of main investors.

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In a Twitter thread on Friday, OPNX head, Leslie Lamb, said the platform raised funding from major investors, including AppWorks, Susquehanna (SIG), DRW, MIAX Group, China Merchant Bank International, Token Bay Capital, Nascent and Tuwaiq Limited. However, shortly after the news broke, spokesperson for SIG, DRW and Nascent publicly denied any dealings with OPNX.

In response to the backlash, OPNX tweeted "it's ugly for firms to seek financial gain while simultaneously denying association due to fear of social media backlash."

In the meantime, the marketplace announced an internal investigation after reports said that OPNX CEO may be "AI-generated or possibly Su Zhu [3AC Co-Founder] with a filter." However, no investigation result have been published so far.

Three Arrows Capital Seeks Salvation in US, Files for Chapter 15 Bankruptcy

Three Arrows Capital reportedly owes its creditors a whooping $2.8 billion as its legal battle with liquidators continues in the US. The fund's list of creditors includes such giants as BlockFi, Celsius Network, BitGo, Algorand, CoinList, Galaxy Digital, DCG and many others. What is noteworthy is that the fund's Co-Dounder Su Zhu was also listed among creditors and has even filed a claim for $5 million.

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