OPNX, the crypto exchange created by Su Zhu and Kyle Davies——the founders of the bankrupt cryptocurrency hedge fund Three Arrows Capital, launched on April 4th. The platform's launch includes the distribution of its native token, FLEX.

The US judge overseeing the liquidation of Singapore-based Three Arrows Capital has given co-founder Kyle Davies a second order to turn over financial records or be held in contempt. Earlier, liquidators had accused Davies of withholding information, and asking him to turn over documents.

The co-founder of Three Arrows Capital, Kyle Davies, has been ordered to respond to a subpoena within two weeks. The subpoena was issued by the US Securities and Exchange Commission (SEC), and is part of an ongoing investigation into potential securities violations related to cryptocurrency trading.

The extradition of TerraForm Labs founder Do Kwon from Montenegro has been requested by both the U.S. and South Korea, Justice Minister Marko Kovac said at a Wednesday press conference.

Kyle Davies and Su Zhu, founders of crypto hedge fund Three Arrows Capital (3AC), have been ordered to attend court in the British Virgin Islands on December 19 as part of the liquidation proceedings for the fund, which collapsed last year. The founders will be found in contempt of court if they fail to reply to the order. They are required to provide liquidators with all documents relevant to the firm's bankruptcy by April 14. 3AC imploded last June as a depressed crypto market exposed the firm's long-only trading strategy. The collapse triggered similar collapses from multiple other crypto firms. Companies with 3AC exposure, such as Voyager Digital, Celsius, and Genesis Asia Pacific, subsequently filed for bankruptcy.

Less than a year after Three Arrows Capital (3AC) imploded along with $2.5 billion of clients' money, the hedge fund's founders, Su Zhu and Kyle Davies, are back with a new cryptocurrency exchange where people can trade bankruptcy claims – a hot area given all the distress in the industry.

Kyle Davies, co-founder of bankrupt crypto hedge fund Three Arrows Capital (3AC), has been ordered to answer the subpoena issued to him in Januaryor risk being held in contempt of court.

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Su Zhu and Kyle Davies, the two founders of the bankrupt crypto hedge fund Three Arrows Capital (3AC), have completed a funding round for their new OPNX exchange and will acquire remaining assets from the troubled exchange CoinFLEX.

Cryptocurrency venture capital conglomerate Digital Currency Group (DCG) has reported losses of over $1 billion in 2022 due largely to the contagion relating tocollapse of crypto hedge fund, Three Arrows Capital (3AC).