
The OX token hit a price high not seen since co-founder Su Zhu was arrested in late September.
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CoinFLEX creditors claim former CEO Mark Lamb and the OPNX exchange “misappropriated” their assets in a court filing.
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Kyle Davies’ and Su Zhu’s OPNX exchange acquired a Lithuania virtual asset license to offer spot trading in the EU.
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Claims can be converted into collateral to trade crypto futures on the exchange.
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The new “credit currency” will allow users to rely on cryptocurrencies as collateral without needing to obtain loans from other institutions.
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OPNX chief Leslie Lamb called out a number of venture capital firms on Twitter after some rushed to distance themselves from the company.
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OPNX exchange has quipped about its earlier low trading volume before experiencing a big surge in volume during the last 24 hours.
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The U.S. judge presiding over the Three Arrows Capital bankruptcy case has upped the pressure on Kyle Davies to comply with a January-issued subpoena.
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