ChainCatcher news, according to Bloomberg, the claim prices of the bankrupt cryptocurrency exchange platform FTX Group have significantly risen in the secondary market, up to 73%, with the current trading price range between 57 cents and 73 cents.

ChainCatcher news, according to CoinDesk, users holding assets on FTX and Celsius Network can now trade their claims on the crypto claims and trading platform Open Exchange (OPNX), founded by Three Arrows Capital co-founder Zhu Su and others.It is reported that 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. (Source link)

ChainCatcher news, the encrypted claims and trading platform OPNX tweeted that as of now, it has launched spot/futures services; without internal market makers (MM), the average daily trading volume has risen from $13.64 to $20 million; the native token OX has introduced the S2T4F model; The Herd staking and Celsius claims trading have been launched. Next, OPNX will introduce the Giga affiliate program, Justice Tokens, FTX claims trading, and more.It is reported that OPNX is a debt market founded by Zhu Su, which had only 2 transactions on its launch day, April 5, 2023, with a total trading volume of $1.26. (source link)

ChainCatcher news, Open Exchange (OPNX) CEO Leslie Lamb tweeted that the claims trading service will be launched in May. Its institutional supporters either directly invested in OPNX or negotiated equity through CoinFLEX restructuring, as evidenced by public court documents.Previous report, on Friday OPNX announced its investors, including AppWorks, Susquehanna (SIG), DRW, MIAX Group, China Merchant Bank International, Token Bay Capital, Nascent, Tuwaiq Limited, and others. Subsequently, DRW, Nascent, MIAX, and Susquehanna (SIG) all denied investing in OPNX. (Source link)

ChainCatcher news, bankruptcy claims trading platform Xclaim announced the completion of a $7 million Series A funding round. Xclaim allows trading of major bankruptcy creditor claims, including FTX, Genesis, and BlockFi. Currently, the claim price for FTX is 19 cents, up from 13 cents earlier this year, while Genesis is at 52.5 cents and BlockFi at 18 cents. (source link)

ChainCatcher news, the claims trading feature of the crypto claims trading platform Open Exchange (OPNX), founded by Three Arrows Capital founders Su Zhu and others, is expected to launch in a month, with no exact date confirmed as of this week. Open Exchange CEO Leslie Lamb stated that when the claims trading feature is launched, users will be required to pay an upfront fee and go through a multi-step process to access their funds. Leslie Lamb did not disclose the fee structure.Previously, ChainCatcher reported that the public market for crypto claims trading and derivatives, OPNX, acquired all assets of CoinFLEX in early March, including personnel, technology, and tokens, with FLEX being their main token, and a possible rebranding to: a 1:1 exchange (no lock-up). (Source link)

ChainCatcher news, according to DeFi researcher @DefiIgnas, the public market for crypto claims trading and derivatives "OPNX," founded by Three Arrows Capital founders Su Zhu and Kyle Davies, has completed a financing deal, but the investors have not been disclosed. @DefiIgnas previously stated that OPNX is raising $25 million. Zhu Su retweeted this tweet.Additionally, OPNX will acquire all assets of CoinFLEX, including personnel, technology, and tokens. FLEX will be their main token. A possible rebranding will involve a 1:1 exchange (no lock-up), similar to the AAVE/LEND rebranding. OPNX will group similar bankruptcy claims and tokenize them, with these tokenized claims traded on an order book exchange. OPNX will allow perpetual contract trading of major assets using bankruptcy claims as collateral.Previously, ChainCatcher reported that CoinFLEX's restructuring application has been approved by the Seychelles court. (source link)

ChainCatcher news, Three Arrows Capital founders Su Zhu and Kyle Davies have partnered with CoinFlex co-founder to launch the exchange Open Exchange. The platform claims to be "the world's first public platform for crypto claims trading and derivatives," targeting claims from bankrupt crypto companies such as FTX, Voyager Digital, Celsius Network, Genesis, BlockFi, Mt. Gox, and 3AC, with amounts reaching up to $20 billion.It is reported that the platform will use the FLEX token, and the claims waiting list is now open. Su Zhu stated on Twitter that the platform will establish fully decentralized custody and clearing services in the coming months, and will later expand to stocks, forex, and other products. According to previous reports, the proposed new crypto exchange by Three Arrows Capital and CoinFlex has completed its funding. (source link)

ChainCatcher news, the crypto bankruptcy claims trading market Xclaim indicates that thousands of customers from several bankrupt crypto exchanges, including FTX, BlockFi, Celsius, and Voyager, have listed their accounts for sale, totaling over $200 million in crypto assets.It is reported that Xclaim was founded by Matthew Sedigh in 2018 to allow crypto traders to unlock the value of frozen accounts through cash-settled accounts. Currently, over 15 million account holders globally hold approximately $30 billion in crypto bankruptcy claims. (Source link)