Three Arrows OPNX Crypto Exchange Is Shutting Down

OPNX announces closure by Feb 14, 2024. Users must withdraw funds before the platform disables withdrawals, as OX token value drops.
Three Arrows OPNX Crypto Exchange Is Shutting Down

The cryptocurrency exchange service and marketplace OPNX, which is well-known for trading bankruptcies, has declared its departure. Operations at OPNX.com will formally end on February 14, 2024, following a recent announcement by the manufacturer.

Users are instructed by the company, which was co-founded by the people who ran the failed hedge fund Three Arrows Capital, to stop trading by February 7 and withdraw all of their money before the fund does shut down.The urgency of promptly settling positions and collecting monies has been emphasized in an urgent notice sent by OPNX to its exchange users.

User access to their assets on OPNX will be terminated on February 14th, when the site disables all withdrawal features. Users on the platform are worried about this development and are being advised to take immediate action to protect their assets.

The native OX token of OPNX has seen a sharp decrease in value due to the news. The price of the OX token fell by 38% in less than an hour, from $0.01 to $0.006, according to data from CoinGecko.

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