Sunken Cryptocurrency Company CEO Introduces New Exchange: “OPNX” Will Use This Altcoin!

bankrupt cryptocurrency Su Zhu, co-founder of hedge fund Three Arrows Capital, said on Thursday that a waiting list has opened on a new exchange, called OPNX, for the purpose of trading receivables and derivatives related to funds stuck in collapsed exchanges.

New Exchange Will Be Based On Users’ Leftover Cryptocurrency From Bankrupt Companies

“Our vision is to unlock pledges, radical transparency,” Zhu wrote in a long thread on Twitter, adding that the platform will create fully decentralized custody and clearing services before expanding to stocks, FX and other products in the coming months:

“We talked to creditors about various plans and everyone we spoke to thought it was the wisest way to use our available resources.”

In his statement, Zhu said that the new platform emerged as a result of discussions with Coinflex CEO and founder Mark Lamb. The exchange in question came to the fore with fundraising initiatives last month.

Zhu said that the platform will use the FLEX altcoin.

OPNX is currently asking users “Are you stuck on a cryptocurrency platform?” invites you to join a waiting list under a printed banner. A manifesto posted on the site says a $20 billion creditor market that includes FTX, Voyager, Celsius, Genesis, BlockFi, Mt Gox and others is “desperately looking for a solution.”

Cryptocurrency users are skeptical of this new venture by the founders of Three Arrows Capital, which is facing fraud charges.

*Not investment advice.

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