News with the tag "coinflex"

Source: Adobe / pathdoc Creditors of the crypto derivatives exchange CoinFLEX are alleging that the newly established creditor claims marketplace OPNX, founded by bankrupt crypto hedge fund Three Arrows Capital (3AC) co-founders Kyle Davies and Su Zhu, wrongfully used CoinFLEX assets without their c...

CoinFLEX creditors claim former CEO Mark Lamb and the OPNX exchange “misappropriated” their assets in a court filing.

Kyle Davies’ and Su Zhu’s OPNX exchange acquired a Lithuania virtual asset license to offer spot trading in the EU.

Source: Pexels A legal battle has been ongoing between Roger Ver, an investor also known as ‘Bitcoin Jesus,’ and Jihan Wu, the co-founder and chairman of Matrixport subsidiary Smart Vega, in Seychelles since last year over frozen cryptocurrency funds. Ver alleged that Matrixport, through its subsidi...

Roger Ver, the crypto entrepreneur and Bitcoin evangelist, last year sued an offshoot of billionaire Jihan Wu’s Matrixport in the Seychelles over frozen funds.

Mark Lamb , a fellow CoinFLEX stakeholder and founder of OPNX, has extended an offer to CoinFLEX creditors that includes 25% equity in OPNX and the distribution of 1 billion OX tokens over a 10-year period. The proposal comes after the bankruptcy of CoinFLEX in 2022, which left many stakeholders fac...

Creditors of CoinFLEX, a bankrupt exchange, sue CEO Mark Lamb and early investor Roger Ver, aka Bitcoin Jesus, alleging breach of fiduciary duty over the new exchange OPNX launch and unauthorized use of company assets. On October 25, creditors of the now-defunct cryptocurrency exchange CoinFLEX accu...

Dubai authorities hit the infamous 3AC co-founder duo with a $2.7M fine for OPNX’s unregistered operations.

Bankruptcy claims exchange OPNX has issued a new governance token that is designed to reduce trading fees on the platform.

OPNX chief Leslie Lamb called out a number of venture capital firms on Twitter after some rushed to distance themselves from the company.