Founders of Three Arrows Capital Open New Crypto Exchange OPNX
The OPNX crypto exchange will allow trading of bankruptcy claims and adopts CoinFlex’s native crypto FLEX.
The OPNX crypto exchange will allow trading of bankruptcy claims and adopts CoinFlex’s native crypto FLEX.
Blockchain.com has, however, disputed the claims by the CoinFLEX exchange, citing that there are no documentations or on-chain data to support the argument.
Although Zhu Su looks to start afresh after the brutal collapse of 3AC last year, investors have yet to emerge from the scars left.
GGC has given Ver 20 days to respond to the complaints filed against him.
The new exchange’s name appears to be spun out of “FTX.”
On June 23, CoinFLEX announced that it was freezing trading and withdrawal of its FLEX token on its platform and cited the “extreme market conditions” and “continued uncertainty involving a counterparty.”
According to CoinFLEX, it will take up to 12 months to fully recover the deficit. Currently, while seeking arbitration, CoinFLEX is also trying to fix the problem and looking to raise funds from its investors.
Electric Capital, Nascent Ventures, Bering Waters, Momentum 6 and several other private investors have invested $1.25m in FLEX coin in anticipation of the launch of CoinFLEX’s Notes.finance DEX.
The BracketWars competition launched by CoinFLEX will encompass a 100k USDT prize pool for users to learn the ropes of the new trading tool.
Investors can bet on Libra’s launch on the CoinFLEX platform. The firm offers derivatives that let traders buy into futures to be delivered in Libra tokens.