📢 OPNX, a cryptocurrency derivatives and claims trading platform, has announced that it will cease operations. Users need to close all positions by February 7, 8:00 UTC, after which the platform will automatically close the remaining open positions. Funds and historical data must be withdrawn by February 14th.

💔 Following the announcement, the price of the OX token dropped by 14.9% in 24 hours. OPNX was previously known as Coinflex and is associated with the founders of bankrupt Three Arrows Capital (3AC) - Kyle Davis and Su Zhu. The closure of OPNX highlights the challenges facing users amid 3AC's tumultuous history.