Bitcoin24h $115,961.35+0.65%

Ethereum24h $4,758.49+5.59%

XRP24h $3.11+2.53%

Solana24h $243.74+3.52%

BNB24h $928.66+2.66%

Dogecoin24h $0.2803+7.20%

TRON24h $0.3533+1.23%

Cardano24h $0.9297+3.22%

Hyperliquid24h $55.88-1.24%

Chainlink24h $25.24+2.25%

OPNX is having its CoinFLEX moment

OPNX (aka Open Exchange) is suffering from the ghosts of its past, with CoinFlex creditors throwing a wrench in its plans.

Zhu Su and Kyle Davies’ exchange OPNX is failing

The founders of now-defunct 3 Arrows Capital are having a hard time keeping their recently-launched OPNX afloat…

Kyle Davies renounced his citizenship back in 2020 before the collapse of 3AC. However, this is unlikely to save him from US prosecutors.

Three Arrows Capital founders Su Zhu and Kyle Davies, are relaunching the collapsed fund as ‘3AC Ventures,’ this time without leverage.

Documents filed by 3AC demand that Kyle Davies be found in contempt of court for not turning over details of the hedge fund’s assets.