OPNX, a Seychelles-based exchange attempting to tokenize crypto bankruptcy claims, has faced criticism for its low trading volume, which was less than $13,000 on its opening day. Despite a significant 90,000% jump in trading volume by April 9, the nominal value remains low. OPNX handled jokes about its low trading volume on Twitter with grace and humor, with one user joking about wash-trading Bitcoin to bump the stats artificially. However, there are ongoing doubts about the viability of OPNX due to the collective track record of its founders, who were involved in the bankruptcy of Three Arrows Capital and CoinFLEX's extension of an uncollateralized revolving credit line to Roger Ver. The crypto community has raised skepticism over OPNX's viability, the valuation of bankruptcy claims, and whether users will get a fair price for them.

(By Samuel Wan)