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DeFi steadfast Nascent was besides claimed arsenic a backer, but it has clarified that it lone bought FLEX tokens from the company’s erstwhile incarnation.
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OPNX, an speech jointly founded by members of the Three Arrows Capital (3AC) and Coinflex teams, has revealed the task superior firms purportedly backing it. An April 21 video posted by the institution featured CEO Leslie Lamb thanking immoderate of the large backers of the project, including AppWorks, Susquehanna (SIG), DRW, MIAX Group, China Merchant Bank International, and Token Bay Capital.
1/ As we attack the motorboat of claims for our archetypal estate, Celsius, we'd similar to explicit gratitude to everyone who believed successful our ngo of helping 20M+ claimants.
A peculiar convey you goes to our large investors, including AppWorks, Susquehanna (SIG), DRW, MIAX Group, China pic.twitter.com/G406Y7Ponz
OPNX has been heavy criticized successful the crypto assemblage for its relation with Su Zhu and Kyle Davies, founders of the bankrupt 3AC hedge fund. Some firms person claimed they whitethorn garbage to subordinate with anyone who helps money the caller exchange. But the institution down the task has defended itself, arguing that it volition assistance marque customers of failed crypto ventures full again.
OPNX volition let traders to buy and merchantability claims against bankrupt firms specified arsenic 3AC and FTX, according to aboriginal fundraising documents.
According to the video uploaded connected April 21, the backers of OPNX person antecedently funded assorted tech and fiscal projects. Susquehanna (SIG) was 1 of the aboriginal backers of TikTok, and MIAX Group owns a U.S.-regulated equities and options exchange. AppWorks is besides listed connected Cunchbase arsenic a partial proprietor of Uber.
At slightest 1 of the firms mentioned successful the video has denied backing the project. DeFi trading steadfast Nascent has stated that it bought Coinflex tokens issued by the company’s erstwhile incarnation, but did not enactment successful a backing circular for OPNX.
Just to clarify, Nascent did not enactment successful an OPNX fundraising round, we invested successful FLEX tokens successful aboriginal 2021.
— Nascent (@nascentxyz) April 21, 2023Three Arrows Capital was a crypto hedge money founded successful 2012. In June, it was issued a announcement of default by Voyager Digital aft allegedly failing to wage 15,250 Bitcoin (BTC) and 350 cardinal USD Coin (USDC) that had been loaned to it. The hedge money filed for bankruptcy connected July 1, and immoderate creditors person accused the founders of being “on the run” oregon hiding from the bankruptcy court.
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