OPNX (Open Exchange), the second effort of the creators of defunct 3AC (Three Arrows Capital), is going to its conclusion (Closed Exchange).

Reasons for OPNX Shut Down

     OPNX creators Zhu Davis and Kelly Chen found obstacles in the operation of OPNX because both are suspects of 2022 Crypto market crash, due to the fall of their previous crypto firm 3AC;  the court of British Virgin Islands has seized their assets valued more than $1 billion, and Singapore court arrested Zhu.  

Get your money out of OPNX

     OPNX has given time to users to settle their positions by 7 February, 8 AM UTC, and withdraw their assets before February 14. Clearly the given time is short, but OPNX is not scamming people, investors should use the given time to withdraw their assets immediately, otherwise this exchange will not be available later.

As expected in the market

     OPNX's token OX has also started to crash, but some strange investors are still continuing to trade it; this is not wise idea as investors may lose their capital in an attempt to make short-term gains. People should avoid investing in exchanges or their tokens that are created or managed by dubious people.