{"id":77711,"date":"2023-04-24T11:12:12","date_gmt":"2023-04-24T08:12:12","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=77711"},"modified":"2025-09-11T00:54:00","modified_gmt":"2025-09-10T21:54:00","slug":"opnx-ceo-criticises-investors-who-have-distanced-themselves-from-the-platform","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/opnx-ceo-criticises-investors-who-have-distanced-themselves-from-the-platform\/","title":{"rendered":"OPNX CEO criticises investors who have distanced themselves from the platform"},"content":{"rendered":"<p>A number of alleged investors in the cryptocurrency exchange OPNX, founded by the co-founders <a href=\"https:\/\/u1f987.com\/en\/news\/british-virgin-islands-court-orders-liquidation-of-three-arrows-capital\"> of the bankrupt hedge fund <span data-descr=\"Three Arrows Capital\" class=\"old_tooltip\">3AC<\/span><\/a> Su Zhu and Kyle Davies, were criticised by the platform&#8217;s chief, Leslie Lamb.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">I\u2019ve gotten all but 4 hours of sleep dealing with the nonsense that has ensued from transparent communications, so I\u2019ll get straight to it. <\/p>\n<p>Investors want all the upside with little to no risk. But I\u2019m here to remind everyone that\u2019s not how entrepreneurship works, if it isn\u2019t\u2026<\/p>\n<p>\u2014 Leslie Lamb (@therealleslamb0) <a href=\"https:\/\/twitter.com\/therealleslamb0\/status\/1649658325490094081?ref_src=twsrc%5Etfw\">April 22, 2023<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00abTo all of the above and to our investors who fought hard for capital but refuse to support the company in any way \u2014 that is as disgusting as it is disappointing\u00bb, she wrote.<\/p>\n<\/blockquote>\n<p>The list of venture firms that <a href=\"https:\/\/u1f987.com\/en\/news\/exchange-founded-by-3ac-founders-reveals-its-leading-investors\">stated<\/a> as being involved with OPNX includes AppWorks, Susquehanna, DRW, MIAX Group, China Merchant Bank International, and Token Bay Capital Nascent and Tuwaiq Limited.<\/p>\n<p>More than half of them say they never invested in the exchange on behalf of the 3AC co-founders.<\/p>\n<p>The DeFi project Nascent was the first to deny any link to the platform. Company representatives clarified that they only invested in FLEX tokens in 2021.<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">Just to clarify, Nascent did not participate in an OPNX fundraising round, we invested in FLEX tokens in early 2021.<\/p>\n<p>\u2014 Nascent (@nascentxyz) <a href=\"https:\/\/twitter.com\/nascentxyz\/status\/1649464652102004737?ref_src=twsrc%5Etfw\">April 21, 2023<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Taiwanese venture firm AppWorks explained that its investments in CoinFLEX were \u201cforcibly converted\u201d into OPNX.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We are backers of CoinFlex and were supportive of Mark to rebuild for stakeholders. Our equity is being forcibly converted to OPNX and we have not committed capital to the new entity. We never met Su Zhu or Kyle Davies and do not support what they did during the last days of 3AC<\/p>\n<p>\u2014 AppWorks (@AppWorks) <a href=\"https:\/\/twitter.com\/AppWorks\/status\/1649632062138355714?ref_src=twsrc%5Etfw\">April 22, 2023<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00abWe never met Su Zhu or Kyle Davies and do not support what they did in the last days of 3AC\u00bb, the statement said.<\/p>\n<\/blockquote>\n<p>DRW directly stated on Twitter that it is not an investor in OPNX.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">DRW is not an investor in OPNX nor are any of its affiliates investors in OPNX.<\/p>\n<p>\u2014 DRW (@DRWTrading) <a href=\"https:\/\/twitter.com\/DRWTrading\/status\/1649461160100364288?ref_src=twsrc%5Etfw\">April 21, 2023<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Plans by Davies and Zhu to raise <a href=\"https:\/\/u1f987.com\/en\/news\/3ac-founders-plan-to-raise-25-million-for-a-new-project-reports-say\">$25 million<\/a> for the launch of the crypto exchange with active involvement from representatives <a href=\"https:\/\/u1f987.com\/en\/news\/coinflex-seeks-restructuring-in-seychelles-court\">of the bankrupt CoinFLEX<\/a> became public in January.<\/p>\n<p>Later, Zhu <a href=\"https:\/\/u1f987.com\/en\/news\/3ac-founder-to-launch-opnx-exchange-to-trade-claims\">announced<\/a> the opening of a waitlist for platform access. He said OPNX is a way to \u201catone for past mistakes.\u201d Many in the community greeted the project with skepticism and outrage.<\/p>\n<p>OPNX\u2019s CEO is Leslie Lamb, the wife of former CoinFLEX chief executive Mark Lamb.<\/p>\n<p>In April, the team behind the exchange <a href=\"https:\/\/u1f987.com\/en\/news\/3ac-founders-launch-crypto-exchange-opnx-and-announce-flex-token-airdrop\">announced<\/a> the official launch and teased the FLEX token airdrop.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A number of alleged investors in the OPNX cryptocurrency exchange, founded by the co-founders of the bankrupt hedge fund 3AC, Su Zhu and Kyle Davies, were criticised by platform head Leslie Lamb.<\/p>\n","protected":false},"author":1,"featured_media":77712,"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":[1166,1352],"class_list":["post-77711","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-centralized-exchanges-cex","tag-three-arrows-capital"],"aioseo_notices":[],"amp_enabled":true,"views":"22","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/77711","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=77711"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/77711\/revisions"}],"predecessor-version":[{"id":77713,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/77711\/revisions\/77713"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/77712"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=77711"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=77711"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=77711"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}