avatar

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
MEXC Partners With Hacken to Increase Security Standards MEXC Partners With Hacken to Increase Security Standards
Ethereum security platform Drosera raises $3.25 million in funding, brings total funding to $4.75 million Ethereum security platform Drosera raises $3.25 million in funding, brings total funding to $4.75 million
BitMEX hit with additional $100 million fine over Bank Secrecy Act violations: report BitMEX hit with additional $100 million fine over Bank Secrecy Act violations: report
Backpack acquires FTX EU, Bitcoin and Ethereum ETFs clock over $1 billion worth of inflows and more Backpack acquires FTX EU, Bitcoin and Ethereum ETFs clock over $1 billion worth of inflows and more
ZK-powered onchain credit analytics startup Accountable raises $2.3 million seed round ZK-powered onchain credit analytics startup Accountable raises $2.3 million seed round
Latest News More More
3 Days Ago Argentine prosecutor seeks to freeze $110 million in proceeds tied to Libra memecoin scandal: report
3 Days Ago Mt. Gox moves over $1 billion worth of bitcoin to unmarked address: Arkham
4 Days Ago Ethereum devs activate Pectra upgrade on Sepolia testnet in last phase before mainnet rollout
4 Days Ago Binance Records $3.97B Weekly Inflows
6 Days Ago Metaplanet purchases $13.4 million worth of bitcoin, boosts holdings to 2,391 BTC

About TokenInsight

Services

Products

Support

Google Play
Google Play
Google Play
2018 – 2023 © TokenInsight Ltd. All rights reserved
Disclaimer Terms of Service Privacy Policy
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open