3AC founders Su Zhu and Kyle Davies are launching a new crypto exchange. The founders have teamed up with CoinFLEX’s Mark Lamb for their new venture. In an interesting turn of events, Su Zhu and Kyle Davies, the men behind the failed crypto hedge fund Three Arrows Capital (3AC), have launched a new crypto platform. […]
’s official website, users will be able to use claims against bankrupt crypto firms like FTX, Celsius, Voyager and Three Arrows Capital, among several others, to trade or as margin collateral. The new exchange was looking to tap into what it derived was a $20 billion market of crypto claims.“It is with humility that we announce the claims waitlist is now open, with site UI/UX beta testing coming very soon.
CoinFLEX’s native token FLEX would serve as the primary token of Open Exchange. It was interesting to note that the ’s price went down more than 30% following the announcement of OPNX’s launch at the time of writing. However, crypto Twitter remained vocal in its disapproval of this new venture from 3AC’s founders at press time.Subscribe to get it daily in your inbox.
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