OPNX, the crypto exchange created by Su Zhu and Kyle Davies——the founders of the bankrupt cryptocurrency hedge fund Three Arrows Capital, launched on April 4th. The platform's launch includes the distribution of its native token, FLEX.

OPNX will allow users to trade spot and futures and will look to launch claims trading for bankrupt crypto businesses, such as FTX and Celsius, that have left over 20 million claimants worldwide waiting years to access their funds.

The platform raised $25 million from investors but will not be accessible to users in the U.S. and Canada. Three Arrows Capital was severely impacted last year, with its founders admitting that the Terra crisis and Bitcoin's price drop led to the hedge fund's downfall.