ChainCatcher news, Three Arrows Capital and OPNX founder Zhu Su tweeted that he repurchased ETH at a price of $2900 (previously sold at $3300).

ChainCatcher news, according to CoinDesk, Three Arrows Capital co-founder Zhu Su stated that due to FTX fully paying customer claims in the bankruptcy liquidation, they have decided to shut down the crypto derivatives and claims trading platform Open Exchange. The OX community will now focus on the derivatives trading platform OX.FUN.ChainCatcher previously reported that the crypto derivatives and claims trading platform Open Exchange (OPNX) will close this month. In a message shared with users on the social media platform X, the OPNX team stated that the platform will officially cease operations and shut down in February 2024. We are committed to ensuring all users have an orderly closure.

ChainCatcher News. According to The Block, the crypto derivatives and claims trading platform Open Exchange (OPNX) will shut down this month.In a message shared with users on the social media platform X, the OPNX team stated that the platform will officially cease operations and close in February 2024.The company advised users to settle all positions by 8 AM (UTC) on February 7, after which the platform will automatically settle any open positions. Users must withdraw their funds and export their historical data by February 14.

ChainCatcher news, according to the South China Morning Post, the co-founder of the now-defunct cryptocurrency hedge fund Three Arrows Capital, Su Zhu, will continue to promote a Hong Kong-related exchange, OPNX.The report states that OPNX registered an office in Hong Kong's Central Business District as early as last May, with the former CEO of cryptocurrency derivatives exchange CoinFlex, Mark Lamb, listed as a director, but the specific location of the headquarters has not been disclosed. Additionally, OPNX had already revealed plans to move to Hong Kong to the media last April, and this decision received support from investors.Hong Kong's new virtual asset regulatory rules took effect in June 2023, requiring all cryptocurrency trading platforms conducting business in Hong Kong or providing services to Hong Kong investors to obtain a license from the Securities and Futures Commission, but giving exchanges a year to obtain the license. Currently, OPNX has not immediately responded to requests for comments regarding its business in Hong Kong or whether it plans to comply with Hong Kong's cryptocurrency regulations.

ChainCatcher message, Bitget announced that it will list the Open Exchange (OPNX) platform token OX in the innovation zone and platform token zone. The deposit channel is now open, and the trading channel will open on January 2 at 19:00 (UTC+8).

ChainCatcher news, 3AC and OPNX founder Zhu Su may have been released from prison and posted a tweet on the X platform: "gm".Previously, ChainCatcher reported on September 29 that Three Arrows Capital founder Su Zhu was arrested in Singapore and sentenced to four months in prison.

ChainCatcher news, Open Exchange (OPNX) stated on social media that it has frozen 197,756,563 OX stolen in the Poloniex hack, worth approximately 2.72 million USD, preventing the hacker from transferring or selling it.

ChainCatcher news, OPNX has obtained a Virtual Asset Service Provider (VASP) license in Lithuania, allowing it to offer spot cryptocurrency trading services across the European Union.

ChainCatcher news, Open Exchange (OPNX) co-founder Mark Lamb published an open letter to CoinFLEX creditors making a tender offer, where accepting creditors will collectively receive 25% equity in OPNX, distributed proportionally based on the size of their claims.Additionally, CoinFLEX creditors who accept this offer will collectively receive 1 billion OX tokens through their OPNX accounts or via automated DeFi platforms like LlamaPay in a trustless manner, with a 10-year exercise period. The first 50% of creditors who accept the offer will receive 2/3 of the OX allocation, distributed proportionally based on the size of their claims, while the remaining 50% of signing creditors will receive 1/3 of that allocation, also distributed proportionally based on the size of their claims.

ChainCatcher news, according to CoinDesk, OPNX has dropped its defamation lawsuit against The Block founder and 6th Man Ventures co-founder Mike Dudas. In June of this year, OPNX filed a defamation lawsuit against Mike Dudas after he tweeted that its supporters were unrepentant fraudsters who deceived former business partners.

ChainCatcher news, the encrypted claims and trading platform Open Exchange (OPNX) stated on platform X that OPNX's total trading volume has reached 10 billion dollars.

ChainCatcher news, the interim judicial manager of Singaporean cryptocurrency lending company Hodlnaut has opposed the acquisition terms proposed by the cryptocurrency claims and trading platform Open Exchange (OPNX). According to court documents seen by Bloomberg, the manager stated that the $30 million FLEX digital token offer from OPNX "lacks liquidity" and has "speculative value." The majority of creditors, who account for 60% of Hodlnaut Group's total debt, also oppose the deal.The documents also raised other concerns, including "no injection of cash or similar liquid assets" (such as Bitcoin or Ethereum), no timeline for repaying creditors' debts, and a lack of details on payments other than the 30% liabilities.Previously, it was reported that OPNX plans to inject $30 million worth of FLEX tokens to acquire a 75% stake in Hodlnaut.

ChainCatcher news, according to Bloomberg, the Dubai Virtual Assets Regulatory Authority (VARA) stated that it imposed a fine of 10 million dirhams (approximately 2.7 million USD) on OPNX in May, but it has not been paid to date. Subsequently, the regulatory agency announced that Su Zhu and Kyle Davies, along with two co-founders of OPNX, were personally fined 200,000 dirhams (approximately 54,451 USD) for failing to comply with marketing, advertising, and promotional rules.VARA stated that it has decided to take appropriate action against OPNX, which may include further fines, penalties, and/or any necessary actions. VARA indicated that it discovered in February that OPNX was soliciting users and collecting personal data. OPNX CEO Leslie Lamb stated in May that OPNX is cooperating with VARA's investigation and does not believe it has violated any regulations.

ChainCatcher news, the encrypted claims and trading platform Open Exchange (OPNX) tweeted that OPNX's trading volume in the past 24 hours reached $108,803,381, setting a new historical high.

ChainCatcher news, regarding the recent report of "OPNX planning to inject $30 million into Hodlnaut", Hodlnaut responded that Hodlnaut founder & director Simon Lee had emailed the interim judicial manager (IJM) at the end of July mentioning this offer and requested users to reply, indicating their support for the directors' application to suspend execution to advance the proposed offer.However, Hodlnaut stated that this email was distributed without the authorization or approval of the IJM. The IJM has never been in contact with OPNX, has never received any investment offers from OPNX, and is unaware of any statements the board may have made to OPNX regarding the company.The IJM also wishes to emphasize that the directors were stripped of their management rights over the company as early as August 29, 2022, and the directors do not have the authority to represent the company in any discussions with potential white knights. Meanwhile, the IJM reminds users that it is not responsible for the statement that "the approximate return in liquidation is 22 cents."

ChainCatcher news, the encrypted claims and trading platform Open Exchange (OPNX) tweeted that OPNX's average daily trading volume reached 80 million dollars last week, setting a new historical high, with a total trading volume of 561 million dollars. 69% of OX tokens are staked, and last week the OX token reached an all-time high of 0.075 dollars, with a trading volume of 2.5 million dollars, also a historical high, currently with a market capitalization of 229 million dollars.In addition, 34.3 million FLEX tokens have been converted to OX tokens, and 25% of the conversion bonus has been used up.

ChainCatcher news, according to Bloomberg, citing informed sources, the crypto claims and trading platform OPNX plans to inject $30 million worth of FLEX digital tokens into the crypto lending platform Hodlnaut to fund partial payments to creditors and complete the claims process.According to the relevant terms, after the FLEX injection, OPNX will own 75% of Hodlnaut. The document mentions that if creditors agree to the plan, they will receive 30% of FLEX and other token claims, or a proportional payment of up to 95% of the total available corporate asset pool, whichever is higher.

ChainCatcher's Three Arrows Capital founder Zhu Su posted on social media, "The crypto claims and trading platform Open Exchange (OPNX) has successfully processed the first batch of FTX claims, and the spot FTX / oUSD market is now live."Previously, it was reported that OPNX has supported bankruptcy claims trading for FTX and Celsius Network. When users sell their claims, they will receive the platform's native tokens reOX or oUSD, which can be used as collateral for trading on OPNX.