OPNX is having its CoinFLEX moment
The bankruptcy claims and crypto exchange OPNX (aka Open Exchange) is suffering from the ghosts of its past, with creditors from now-defunct exchange CoinFLEX throwing a wrench in the plans of the already struggling platform. In a tweet by co-founder Mark Lamb, OPNX sought CoinFLEX creditors to accept a tender offer that would entitle them to OPNX shares and billions of OX tokens. The unfortunate caveat for creditors is that, according to the tweet, they would be required to vest their tokens over a period of nearly a decade. Additionally, creditors who didn’t immediately accept the offer would receive lower numbers of shares and OX tokens. The OX token is down almost 90% from its all-time highs in August and down about 15% from its initial coin offering (ICO) price in May. The tweet blames creditors for not speaking up sooner, saying “If they disagreed, the alternative path would simply have been building OPNX with zero ties to CoinFLEX.” It also appears to suggest that the ...