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Crypto exchange backed by 3AC founders launches with claims trading plans

April 4, 2023


Su Zhu and Kyle Davies, founders of the collapsed hedge fund Three Arrows Capital (3AC), have announced the launch of the crypto project Open Exchange, or OPNX.

Both Zhu and Davies retweeted the April 4 launch announcement from OPNX chief executive officer Leslie Lamb, who said the exchange was open to “trade spot and futures immediately.” According to the CEO, the launch of the exchange was aimed at wanting to “help the industry” amid the collapse of platforms including FTX and Celsius.

“Claims trading will be the next thing that we launch, so that these claimants can have an opportunity to be made whole again,” said Lamb.

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