The cryptocurrency exchange platform OPNX, which is well-known for trading bankruptcy claims, has declared its impending shutdown. The company just announced that OPNX.com activities will formally end on February 14, 2024.
The firm, which was co-founded by the people who ran the bankrupt hedge fund Three Arrows Capital, has instructed its clients to stop trading by February 7 and remove all of their money before it shuts down.Users of the exchange have received an urgent message from OPNX stressing the need of promptly settling positions and collecting cash.
After February 14, users won’t be able to access their assets on OPNX since the platform will stop all withdrawal functionalities. Users of the platform are concerned about this development and are being urged to take immediate action to protect their assets.
OPNX’s native OX coin has seen a sharp fall in value due to the announcement. In just one hour, the price of the OX coin fell by 38%, from $0.01 to $0.006, according to CoinGecko data.