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Bankruptcy Claims Exchange OPNX Stumbles Out of the Gate; FLEX Token Slumps 28%

The bankruptcy claims exchange co-founded by failed Three Arrows Capital (3AC) co-founders Kyle Davies and Su Zhu, OPNX has posted minimal trading volume since going live on Tuesday. The exchange's native token, FLEX, is is down by 28% in the past 24 hours.

Across all spot and derivatives markets on the exchange, just two trades have been executed worth a total of $1.26 at press time.

It remains unclear whether OPNX has suffered issues with onboarding new customers or whether there is a lack of demand. OPNX CEO Leslie Lamb did not immediately respond to CoinDesk's request for comment.

FLEX token is currently down 28% over the past 24 hours at $2.01, giving back all its gains from a rally earlier this week.

(by Stephen Alpher)

3AC
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