CryptoNews: Open Exchange (OPNX), a platform for trading claims against bankrupt crypto entities, caught the attention of the crypto space after announcing its latest ecosystem partner called '3AC Ventures.'
Hedge Fund Three Arrows Capital Relaunches as Three Arrows Ventures
Open Exchange , a platform for trading claims against bankrupt crypto entities, caught the attention of the crypto space after announcing its latest ecosystem partner called "3AC Ventures." Using the same name and logo as Three Arrows Capital, 3AC Ventures claims to be “focused on superior risk-adjusted returns without leverage.”
Su Zhu and Kyle Davies, who both co-founded the now-bankrupt Singapore-based hedge fund Three Arrows Capital , launched OPNX. Due to a string of risky leveraged bets made during the bear market and its exposure to the $40 billion collapse of the Terra Luna ecosystem in May 2022, 3AC filed for bankruptcy in June 2022.At its peak, 3AC reportedly managed $10 billion in assets and had creditor claims of $3.4 billion during its bankruptcy.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Three exciting performances, three fresh faces to keep an eye onEvery year, a number of actors seemingly come out of nowhere to captivate viewers with indelible performances. Here are three of this season's breakouts.
Read more »
Union Square Ventures' Fred Wilson thinks AI interest resembles crypto hype cycleUnion Square Ventures' Fred Wilson sees a lot of similarity between the crypto hype cycle and the renewed interest in artificial intelligence.
Read more »
The Bear Recap: Velkommen til DanmarkMarcus ventures abroad, and even deeper into our hearts.
Read more »
Northstake Raises $3M to Boost Institutional Crypto StakingInstitutional staking firm Northstake_dk has raised just over $3 million from PreSeed Ventures, Morph Capital, The Aventures Fund, Funfair Ventures and Delta Blockchain Fund. IanAllison123 reports.
Read more »
OPNX Files Defamation Lawsuit Against Mike Dudas, Issues Justice TokensThe bankruptcy claims exchange from Kyle Davies and Su Zhu – the founders of failed hedge fund Three Arrows Capital – has also issued Justice Tokens that offer exposure to defamation lawsuits.
Read more »