Three Arrows Capital Founders Shake Up Crypto Industry with New Crypto Exchange After Acquiring CoinFLEX Assets – Here's What You Need to Know
Su Zhu and Kyle Davies, the two founders of the bankrupt crypto hedge fund Three Arrows Capital (3AC), have completed a funding round for their new OPNX exchange and will acquire remaining assets from the troubled exchange CoinFLEX.
Timeline of Flex
Seychelles courts approve CoinFlex restructuring plan - Cryptopolitan
CoinFlex, a cryptocurrency investment platform, stated on March 7 that Seychelles courts had approved its restructuring plan. The blog post further stated that the order should be published by the courts the same week.
CoinFLEX Restructuring Plan Authorized By Court, Exchange Finalizes OPNX Fundraiser With 3AC Co-Founders - EWN
A Seychelles court approved the restructuring plan submitted by embattled crypto exchange CoinFLEX.Trading for locked assets like LUSD and LETH remain halted until 24 hours after the court issues a written order expected later this week a CoinFLEX statement said.According to a source familiar with the matter, the company recently finalized funding for a new crypto exchange called OPNX. Embattled digital asset exchange CoinFLEX received the green light for a restructuring plan filed with a Seychelles court where the company is domiciled.
