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Tag: CoinFLEX

OPNX, Linked to Three Arrows Capital Founders, to Shut Down Operations

Bankruptcies Ben -
OPNX, a cryptocurrency bankruptcy claims platform initiated by the founders of the now-defunct hedge fund Three Arrows Capital (3AC), has announced it will terminate all operations and close down by February 14th. In a communication to its users, the platform has urgently advised them to settle their positions by February 7th and ensure all funds are withdrawn before the February 14th deadline, after which the withdrawal functionalities will be permanently disabled.

Three Arrows Capital Co-Founder Enjoyed Prison Time Experience!

People tamir -
Su Zhu, co-founder of the defunct crypto hedge fund Three Arrows Capital (3AC), recently described his time in a Singapore prison as surprisingly positive. Released last month, Zhu shared video clips on X about his prison time. He characterized the experience as overall "enjoyable" and beneficial for sleep improvement. Zhu, arrested for non-cooperation in liquidation investigations, is now shifting focus to the new crypto exchange OPNX.

Struggling Crypto Exchange CoinFLEX Allows Partial Withdrawals!

Crypto Schemes tamir -
CoinFLEX froze withdrawals three weeks ago due to an alleged loss with its client, the so-called Bitcoin Jesus Roger Ver. The crypto exchange announced that it had launched legal proceedings in Hong Kong to reclaim its $84 million from the Bitcoin Jesus. FinTelegram reported here. The Crypto Winter and its aftermath, along with the Roger Ver case, have apparently led CoinFLEX into a severe liquidity crisis, and it is unclear if or when this can be resolved. However, the crypto exchange announced that it is partially reopening user withdrawals. Stay very cautious!

Crypto Winter: Stressed CoinFLEX Sues ‘Bitcoin Jesus’ Over $84M Trading Loss!

Crypto-Trading Ben -
CoinFLEX is the next crypto company to run into financial problems. The cause, according to the crypto exchange's account, is said to be an $84 million loss with its customer Roger Ver. CoinFLEX to sue Roger Ver for refusing to pay millions of dollars to CoinFLEX for a leveraged position that was liquidated. The crypto exchange paused withdrawals on its platform last month due to this huge loss and is looking for fresh money. Roger Ver denies the allegations and claims that CoinFLEX would owe him "a substantial sum of money."

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