- The average daily trading volume on OPNX is already $34 million.
- Davies claims to initiate a “shadow recovery process” for investors who lost money.
Several months after their failed hedge firm 3AC went bankrupt, its founders launched two new businesses: a cryptocurrency exchange platform called OPNX and a new hedge fund named 3AC Ventures.
So far, the 3AC ventures website consists just of a generic message requesting potential investors to send them an email. OPNX, on the other hand, seems to have convinced investors to put their money and hope that this time nothing goes wrong.
The average daily trading volume on OPNX is already $34 million. And the company’s founders supposedly have ambitious expectations for their share of the profits. The two “serial entrepreneurs” have brought this new reimbursement scheme while they avoid bankruptcy and liquidation processes.
Only for Early Onboards
Kyle Davies, the owner of the insolvent hedge firm, claims that this is true, but that consumers will only be reimbursed if they board the OPNX early. Davies came up on Mario Nawfal’s Twitter Spaces Podcast to explain Zhu and his user-reimbursement scheme to jittery investors.
For those who are prepared to conduct business with OPNX, Davies claims he and Zhu would initiate a “shadow recovery process” for investors who lost money due to the demise of 3AC. Legal efforts to recover cash for 3AC investors will be handled in a manner apart from this groundbreaking initiative.
Davies also asserts that numerous investors have been reimbursed. For obvious reasons related to privacy, none of these investors were revealed. Investors don’t have to participate in the “shadow recovery process,” as it is optional, as per Davies.
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