Zhu Su’s OPNX Exchange Shuts Down Abruptly! Governance Token $OX Plunges 38%, Urgent Withdrawals Required

Three Arrow Capital (3AC), founded by Kyle Davies and Zhu Su, launched the cryptocurrency debt exchange Open Exchange (OPNX) in April last year. However, today (2), it was unexpectedly announced via an email to users that OPNX has temporarily suspended operations. As a result, the governance token $OX experienced a maximum decline of 38%.
According to the email, OPNX strongly advises users to close all trading positions on the platform by February 7th and withdraw funds from the platform by February 14th. The notice also states that after this deadline, users will no longer be able to make any withdrawals. OPNX has not publicly disclosed its headquarters, but government records indicate that the exchange registered an office in Hong Kong’s Central Business District in May last year, with a person named Rum listed as a director.
Interestingly, Zhu Su, co-founder of Three Arrow Capital (3AC), was arrested in late September last year at Changi Airport in Singapore and sentenced to four months in prison. However, he was released early in December due to good behavior in prison. Zhu Su recently mentioned in a podcast that prison life was comfortable and he had a regular routine, describing it as a pleasant experience. However, it remains to be seen whether Zhu Su will face further legal issues related to the aftermath of Open Exchange (OPNX).
As a result of this news, the governance token $OX of Open Exchange (OPNX) experienced a 20% decline within 24 hours, with a maximum decline reaching 38%, currently priced at $0.0083.
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