OPNX, an change collectively based by members of the Three Arrows Capital (3AC) and Coinflex groups, has revealed the enterprise capital companies purportedly backing it. An April 21 video posted by the corporate featured CEO Leslie Lamb thanking a few of the main backers of the mission, together with AppWorks, Susquehanna (SIG), DRW, MIAX Group, China Service provider Financial institution Worldwide, and Token Bay Capital.
1/ As we method the launch of claims for our first property, Celsius, we would like to precise gratitude to everybody who believed in our mission of serving to 20M+ claimants.
A particular thanks goes to our main buyers, together with AppWorks, Susquehanna (SIG), DRW, MIAX Group, China pic.twitter.com/G406Y7Ponz
— OPNX (@OPNX_Official) April 21, 2023
OPNX has been closely criticized within the crypto neighborhood for its affiliation with Su Zhu and Kyle Davies, founders of the bankrupt 3AC hedge fund. Some companies have claimed they could refuse to affiliate with anybody who helps fund the brand new change. However the firm behind the mission has defended itself, arguing that it’ll assist make clients of failed crypto ventures complete once more.
OPNX will permit merchants to purchase and promote claims towards bankrupt companies reminiscent of 3AC and FTX, in line with early fundraising paperwork.
Based on the video uploaded on April 21, the backers of OPNX have beforehand funded numerous tech and monetary initiatives. Susquehanna (SIG) was one of many early backers of TikTok, and MIAX Group owns a U.S.-regulated equities and choices change. AppWorks can be listed on Cunchbase as a partial proprietor of Uber.
A minimum of one of many companies talked about within the video has denied funding the mission. DeFi buying and selling agency Nascent has said that it purchased Coinflex tokens issued by the corporate’s earlier incarnation, however didn’t take part in a funding spherical for OPNX.
Simply to make clear, Nascent didn’t take part in an OPNX fundraising spherical, we invested in FLEX tokens in early 2021.
— Nascent (@nascentxyz) April 21, 2023
Three Arrows Capital was a crypto hedge fund based in 2012. In June, it was issued a discover 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 chapter on July 1, and a few collectors have accused the founders of being “on the run” or hiding from the chapter courtroom.