CoinFLEX creditors have raised serious allegations against OPNX, a new crypto exchange co-founded by Kyle Davies and Su Zhu of Three Arrows Capital (3AC). They claim that CoinFLEX assets were used without consent to establish OPNX, accusing former CEO Mark Lamb of misappropriating assets, human resources, intellectual properties, and trade secrets. A writ of summons in Hong Kong alleges Lamb diverted business to OPNX, misused confidential information, and engaged in actions detrimental to creditors. CoinFLEX's move to liquidate assets and transfer funds across exchanges has heightened market activity. Despite these challenges, OPNX has developed a credit currency for margin trading and obtained a license for spot trading in the EU.
Disclaimer: Please note that the information provided in this article is based on the referenced research articles. It is essential to conduct further research and analysis before making any investment decisions. The cryptocurrency market is highly volatile, and investors should exercise caution and consult with financial professionals before engaging in cryptocurrency trading or investment activities.