Exchange founded by 3AC founders reveals its leading investors

The cryptocurrency exchange OPNX, founded by the co-founders of the bankrupt hedge fund 3AC Su Zhu and Kyle Davies, disclosed its leading investors.

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2/ Merchant Bank International, Token Bay Capital, Nascent, Tuwaiq Limited and many more

They contributed not just capital, but also incredible feedback throughout the process of refining our vision, product offerings, tokenomics, legal framework & decision to relocate to HK.

— OPNX ? (@OPNX_Official) April 21, 2023

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They include AppWorks, Susquehanna (SIG), DRW, MIAX Group, China Merchant Bank International, Token Bay Capital, Nascent, Tuwaiq Limited, and others.

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According to journalist Colin Wu, many of the supporting platforms are from the Greater China region.

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OPNX launched by the founders of 3AC, announced that its investors include AppWorks, SIG, DRW VC, MIAX Group, China Merchant Bank International, Token Bay Capital, Nascent and Tuwaiq Limited. Earlier, OPNX completed a financing of $25 million. Many of them are from the Greater…

— Wu Blockchain (@WuBlockchain) April 21, 2023

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Earlier, Davies and Zhu planned to raise $25 million for launching the cryptocurrency exchange with active involvement from representatives bankrupt CoinFLEX became known in January.

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A month later, BitMEX CEO Arthur Hayes pointed to the potential implementation of a similar initiative.

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Later, Zhu announced the launch of a waitlist for platform access. According to him, OPNX is a way to \”atone for past mistakes.\” Many members of the community greeted the project with skepticism and outrage.

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The CEO of OPNX is Leslie Lamb, wife of former CoinFLEX CEO Mark Lamb.

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In April, the exchange team announced the official launch and unveiled the FLEX token airdrop.