The founders of Three Arrows Capital (3AC) established the OPNX exchange after their company went bankrupt.
It was one of the events that led to the decline in the 3AC cryptocurrency exchange, which declared bankruptcy last year. In addition, it was announced that FLEX will be used as the native token of the exchange.
Three Arrows Capital Founders Remain in the Industry with OPNX After Bankruptcy
Two of the 3AC co-founders announced in a note that the OPNX cryptocurrency exchange was established and started trading. OPNX is the new venture from the hedge fund investors behind the now bankrupt Three Arrows Capital, which was among the key victims of crypto’s 2022 credit crisis.
The published note included the following statements:
“Many of you may know that FLEX will empower OPNX as a native ecosystem token. As a token of our gratitude, we have included eligible waitlisted users in our FLEX coin giveaway (i.e. no action required by you)”
According to data from CoinMarketCap, FLEX appears to have a market cap of $256 million. By contrast, it is trading weakly with volume of just $796,000 traded in the last 24 hours.
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