The arrest of Su Zhu, co-founder of Open Exchange (OPNX), in Singapore triggered a sharp drop in the value of the OX token. Alphanomics reported that the news of Zhu's arrest prompted the sale of OX tokens worth about $1 million. Data shows that this sudden wave of selling, coupled with negative sentiment from the arrest, caused OX to drop to a historical low of around $0.01. Although it has slightly rebounded to $0.01462, the value of the token has still fallen by more than 80% from its historical high. In addition, the sharp drop in token value has caused its market capitalization to drop by more than $30 million. As of press time, its market value is about $57 million.