On October 27, OPNX dropped its defamation lawsuit against The Block founder Mike Dudas. (CoinDesk)
Previously, OPNX, the bankrupt debt exchange associated with the founder of collapsed hedge fund Three Arrows Capital, has filed a defamation lawsuit against venture capitalist Mike Dudas, according to Kyle Davies, co-founder of Three Arrows Capital, and New York state court records. According to a subpoena notice filed in early June, OPNX claimed that Dudas posted defamatory comments about the company between February and March 2023, around the time Davies and his partner Su Zhu unveiled their plans for the exchange. The filing does not specify what Dudas' defamatory comments were.