Three Arrows Capital Co-Founder Announces New Crypto Venture Open Exchange Amid Bankruptcy Controversy

Following the caller tribunal filing from liquidators for Three Arrows Capital (3AC) claiming vexation with the 3AC co-founders for allegedly failing to respond to subpoenas sent via Twitter. Su Zhu, 1 of the co-founders, precocious tweeted astir his caller crypto venture, Open Exchange. The speech aims to supply users with the quality to commercialized oregon usage portfolio borderline with claims against bankrupt cryptocurrency firms.

3AC Co-Founders Launch Bankruptcy-Focused Crypto Exchange, Community Reacts Skeptically

Su Zhu, co-founder of the defunct crypto hedge money Three Arrows Capital (3AC), stated connected Thursday that June-July 2022 was a “total darkness” for him and his partner, Kyle Davies. “It was a acheronian period, and we were not cleanable successful however we handled the fallout, but we were determined to bash each we could,” Zhu tweeted.

He went connected to stress that “words and liquidations tin lone spell truthful far,” and the duo wants to physique thing that “takes each the pain, lessons, and uses it to beforehand crypto.”

“It is with humility that we denote the claims waitlist is present open, with tract UI/UX beta investigating coming precise soon [at] opnx.com,” Zhu added. The quality of Zhu and Davies starting a caller task with 2 executives from Coinflex speech was reported successful mid-January 2023.

The openx.com website.

The speech plans to let traders to commercialized a bankruptcy assertion from a defunct crypto level and clasp it arsenic portfolio margin. Currently, the speech is not operational and has a waitlist. Zhu further noted that “FLEX volition beryllium the superior token of the caller exchange.”

The website displays logos of failed platforms specified arsenic Genesis, Celsius, FTX, Blockfi, Voyager, Hodlnaut, Mt Gox, Vauld, and Zipmex, arsenic good arsenic the 3AC logo. The website’s manifesto states that a “$20 cardinal marketplace of claimants is desperately seeking a solution.”

Zhu’s announcement was not good received connected societal media, arsenic immoderate members of the crypto assemblage expressed disgust. “Yeah, you mislaid each rights to enactment successful this manufacture again,” wrote Magdalena Gronowska. “Instead of launching caller scams, you should absorption connected talking to your lawyers,” she added. “Shut the hellhole up loser,” responded Nic Carter to Zhu’s tweet.

What are your thoughts connected the caller bankruptcy-focused crypto speech and its ngo to monetize and commercialized claims? Share your opinions successful the comments below.

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