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OPNX Exchange Touted by Three Arrows Founders Bids for Ailing Crypto Lender Hodlnaut
A digital-asset exchange linked to the founders of failed hedge fund Three Arrows Capital is seeking to take control of ailing crypto lender Hodlnaut, whose restructuring is being overseen by a court in Singapore. The exchange, OPNX, has offered to inject the equivalent of $30 million in FLEX digital tokens into Hodlnaut to fund a partial creditor payout to finalize claims, according to a person familiar with the matter who asked not to be identified discussing private information, and a term sheet seen by Bloomberg News. FLEX is associated with the CoinFLEX exchange, whose founders Mark Lamb and Sudhu Arumugam ... (full story)