DeFi company Nascent became additionally claimed as a backer, but it has clarified that it easiest sold FLEX tokens from the firm’s outdated incarnation.
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OPNX, an alternate collectively essentially based by contributors of the Three Arrows Capital (3AC) and Coinflex teams, has revealed the mission capital firms purportedly backing it. An April 21 video posted by the firm featured CEO Leslie Lamb thanking a number of of the precious backers of the mission, including AppWorks, Susquehanna (SIG), DRW, MIAX Neighborhood, China Merchant Financial institution Worldwide, and Token Bay Capital.
1/ As we scheme the launch of claims for our first estate, Celsius, we would favor to genuine gratitude to all americans who believed in our mission of serving to 20M+ claimants.
A obvious thanks goes to our valuable traders, including AppWorks, Susquehanna (SIG), DRW, MIAX Neighborhood, China pic.twitter.com/G406Y7Ponz
— OPNX (@OPNX_Official) April 21, 2023
OPNX has been closely criticized within the crypto neighborhood for its association with Su Zhu and Kyle Davies, founders of the bankrupt 3AC hedge fund. Some firms comprise claimed they would likely per chance additionally refuse to companion with someone who helps fund the present alternate. But the firm within the wait on of the mission has defended itself, arguing that this may perchance occasionally likely per chance additionally inspire abolish customers of failed crypto ventures total again.
OPNX will allow traders to buy and sell claims against bankrupt firms much like 3AC and FTX, per early fundraising paperwork.
In response to the video uploaded on April 21, the backers of OPNX comprise beforehand funded hundreds of tech and monetary projects. SIG became one amongst the early backers of TikTok, and MIAX Neighborhood owns a U.S.-regulated equities and alternatives alternate. AppWorks is additionally listed on Crunchbase as a partial proprietor of Uber.
No longer no longer up to 1 amongst the firms talked about within the video has denied funding the mission. DeFi shopping and selling company Nascent talked about that it sold Coinflex tokens issued by the firm’s outdated incarnation but didn’t take hold of part in a funding round for OPNX.
Actual to clarify, Nascent didn’t take hold of part in an OPNX fundraising round, we invested in FLEX tokens in early 2021.
— Nascent (@nascentxyz) April 21, 2023
Three Arrows Capital became a crypto hedge fund essentially based in 2012. In June, it became issued a behold of default by Voyager Digital after allegedly failing to pay 15,250 Bitcoin (BTC) and 350 million USD Coin (USDC) that had been loaned to it. The hedge fund filed for monetary wretchedness on July 1, and some collectors comprise accused the founders of being “on the speed” or hiding from the monetary wretchedness court.
