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DRW Denies Investment in 3AC’s OPNX

DRW denied being an investor in OPNX, founded by 3AC executives, after the exchange said on Twitter it invested along side others.

The crypto exchange founded by Su Zhu and Kyle Davies following the collapse of their hedge fund Three Arrows Capital (3AC) revealed several investors today, but at least one has denied any involvement.  

OPNX had shared in a tweet thread that its backers included firms like Taiwanese venture capital firm AppWorks and high-frequency trading firm Susquehanna,. Other investors announced named in the thread include: MIAX Group, a U.S. equity options exchange; the Hong Kong unit of China Merchant Bank; Token Bay Capital, a Hong Kong investment fund; the VC firm Nascent; and Tuwaiq, a Saudi Arabian digital asset fund.

(by Adam Morgan McCarthy)

3AC Three Arrows Capital
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