Open Exchange (OPNX) Announces Closure Amid Regulatory Challenges
OPNX shuts down, citing regulatory hurdles and financial penalties. Users urged to settle positions and secure assets before the February 14 deadline.
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OPNX shuts down, citing regulatory hurdles and financial penalties. Users urged to settle positions and secure assets before the February 14 deadline.
Aside from Mark Lamb, the case also names Roger Ver as a defendant.
At last week's Token2049 conference, OPNX CEO Leslie Lamb gave a speech on what the new kid on the block has to offer.
MAS states that these actions come as a result of their violations of the Securities and Futures Act 2001 (SFA) and Securities and Futures (Licensing and Conduct of Business) Regulations (SFR).
While the founders and CEO have settled their fines, VARA reported that OPNX is yet to make the required payment, potentially leading the regulator to take further measures against the platform.
3AC co-founders, Kyle Davies and Su Zhu, once at the helm of a now-bankrupt hedge fund, have embarked on a ...
The exchange attributed Market Maker Program for the trading volumes.
The VC fund will focus on “superior risk-adjusted returns without leverage.”
Three Arrows Capital co-founders Su Zhu and Kyle Davies launched a new bankruptcy claims trading marketplace to trade claims of bankrupt crypto firms like FTX and Celsius.
2021 tax returns claim Alameda and FTX ran at a net loss.