The launch of the exchange project backed by the bankrupt hedge fund Three Arrows Capital (3AC) attracted a mob of angry community members who took to Twitter, expressing their disappointment with the state of the crypto space. 

Open Exchange, a crypto exchange project that was initially proposed by 3AC and Coinflex, launched a website and opened a waitlist on Feb. 9. 3AC founder Zhu Su pointed out that the project is a way to atone for their past mistakes. However, many members of the community were enraged by the launch.

One community member questioned the name of the exchange and suggested that it may lead to a scam.

Another community member swore to never trade in the exchange and bully the users of the exchange. "I don’t care how good the fees are, how good the liquidation mechanism is, or how good the funding arbs will be," they wrote. In addition, a Twitter user even wished harm upon those who will use the exchange. 

(By EZRA REGUERRA)