3AC Co-founders' Claim Exchange OPNX Closes $25M Fundraising

3AC Co-founders' Claim Exchange OPNX Closes $25M Fundraising

DeFi researcher Ignas said on Twitter that Kyle Davies, co-founder of Three Arrows Capital (3AC), reached out to him to explain things about OPNX, a marketplace for crypto claims. The exchange has closed its planned $25m fundraising.

Launched by 3AC's co-founders Kyle Davies and Zhu Su, OPNX aims to tokenize users' claims to bankrupted crypto companies, allowing them to use bankruptcy claims as collateral to trade perpetuals. The exchange doesn't provide lending services for crypto assets. Kyle Davies said the fundraising deal was done, but he didn't disclose the investors. In addition, OPNX will acquire all assets of CoinFLEX including people, tech, and tokens. $FLEX will be the exchange token.

In terms of 3AC, Kyle Davies said that they are likely to sue Genesis and Grayscale.

 

TokenInsight is dedicated to covering the most valuable news in the world of crypto. If you have information to share with us, please feel free to contact our email news@tokeninsight.com. Your trust will be well respected.

Source

Exchanges

Three Arrows Capital

Fund Raising

In This Article

Related News
Solana-based memecoin generator Pump.fun raising $1 billion via token sale: report Solana-based memecoin generator Pump.fun raising $1 billion via token sale: report
Cobie's ICO platform Sonar goes live with Plasma seeking $50 million at $500 million token valuation Cobie's ICO platform Sonar goes live with Plasma seeking $50 million at $500 million token valuation
Bitget will legally pursue 8 accounts suspected of profiting $20 million from VOXEL trading manipulation Bitget will legally pursue 8 accounts suspected of profiting $20 million from VOXEL trading manipulation
Non-KYC exchange eXch to close down under money laundering scrutiny tied to Lazarus Group Non-KYC exchange eXch to close down under money laundering scrutiny tied to Lazarus Group
MEXC Extends DEX+ Platform to Binance Smart Chain Users MEXC Extends DEX+ Platform to Binance Smart Chain Users
Latest News More More
6 Days Ago Chinese creditors push back against FTX's motion to forfeit payouts in restricted jurisdictions
July 7 TON Foundation offers path to 10-year UAE 'Golden Visa' for $100k in staked TON, $35k fee; UAE denies eligibility
July 4 Tether plans further Bitcoin mining expansion in South America with Adecoagro tie up
July 3 North Korean hackers use fake Zoom updates to deliver ‘NimDoor’ macOS malware targeting crypto firms
July 3 JPMorgan's blockchain unit tests new carbon credit tokenization application with S&P Global
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open