{"id":87733,"date":"2023-12-01T10:07:21","date_gmt":"2023-12-01T08:07:21","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=87733"},"modified":"2025-09-13T13:41:14","modified_gmt":"2025-09-13T10:41:14","slug":"opnx-token-jumps-60-amid-reports-of-su-zhus-release","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/opnx-token-jumps-60-amid-reports-of-su-zhus-release\/","title":{"rendered":"OPNX token jumps 60% amid reports of Su Zhu&#8217;s release"},"content":{"rendered":"<p>The native token of the OPNX trading platform\u2014Open Exchange (OX)\u2014jumped 60% after the alleged release of co-founder Su Zhu.<\/p>\n<figure class=\\\"wp-block-image\\\"><img decoding=\\\"async\\\" src=\\\"https:\/\/lh7-eu.googleusercontent.com\/5S-U0fHLB8OEDOV0Z8AK8muYZOrjla8ZBigwzL8G9y9af_bjoV5WGLkEzqZf9F_yugxm3TLMxw6lmR7_WEI0TFNLMURXFjaS2wlVpjsBbjj1Wk5VKDmMKV0IoK_RL7C1I-Ft4Wh_RGJl0ZBZDmXEBiM\\\" alt=\\\"OPNX token rises 60% on Su Zhu news\\\"\/><figcaption class=\\\"wp-element-caption\\\">5-minute chart of OX\/USDT on Gate.io. Data: <a href=\\\"https:\/\/www.tradingview.com\/symbols\/OXUSDT\/?exchange=GATEIO\\\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>During the night of December 1, the asset surged from $0.015 to $0.024, before retreating to $0.018.<\/p>\n<p>The rise began when Su Zhu posted his first message on X after nearly two months of silence.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"qst\\\" dir=\\\"ltr\\\">gm<\/p>\n<p>\u2014 Su Zhu ? (@zhusu) <a href=\\\"https:\/\/twitter.com\/zhusu\/status\/1730432448646025721?ref_src=twsrc%5Etfw\\\">December 1, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>On September 29, a co-founder of OPNX <a href=\"https:\/\/forklog.com\/en\/news\/media-3ac-co-founder-detained-at-singapore-airport\">was detained<\/a> in Singapore as he attempted to depart the country. The company said that he was sentenced to four months in prison for contempt of court.<\/p>\n<p>Zhu apparently managed to win early release. This could have happened as early as November 29, when the wallet <a href=\\\"https:\/\/etherscan.io\/address\/0xc5ef1C84EA5C570979DA35eB7C068687d15709ee#tokentxns\\\">suzhu.eth<\/a> began showing activity.<\/p>\n<p>OPNX is a platform that allows trading creditors&#8217; claims against failed crypto firms.<\/p>\n<p>Su Zhu and his partner Kyle Davis <a href=\"https:\/\/forklog.com\/en\/news\/3ac-founders-launch-crypto-exchange-opnx-and-announce-flex-token-airdrop\">founded<\/a> the exchange in April after <a href=\"https:\/\/forklog.com\/en\/news\/three-arrows-capital-co-founder-breaks-silence-amid-insolvency-rumors\">the collapse of hedge fund Three Arrows Capital<\/a> (3AC), which they led.<\/p>\n<p>The co-founders of OPNX <a href=\"https:\/\/forklog.com\/en\/news\/opnx-to-donate-platform-revenues-to-3ac-creditors\">promised<\/a> to donate potential earnings from the new platform to 3AC creditors for \\&#8221;good karma\\&#8221;.<\/p>\n<p>In May, the exchange <a href=\"https:\/\/forklog.com\/en\/news\/opnx-given-warning-by-dubai-regulator\">received a reprimand<\/a> from the Dubai regulator for operating without a license.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The native token of the OPNX trading platform\u2014Open Exchange (OX)\u2014jumped 60% after the alleged release of co-founder Su Zhu.<\/p>\n","protected":false},"author":1,"featured_media":87734,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1166,1351,596],"class_list":["post-87733","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-centralized-exchanges-cex","tag-opnx","tag-tokens"],"aioseo_notices":[],"amp_enabled":true,"views":"18","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87733","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=87733"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87733\/revisions"}],"predecessor-version":[{"id":87735,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87733\/revisions\/87735"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/87734"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=87733"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=87733"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=87733"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}