OPNX, the exchange established by the founder of the collapsed hedge fund Three Arrows Capital (3AC), has been officially warned by Dubai’s Crypto Regulatory Authority from operating without a license. According to the official announcementformal
The letter was sent on April 18 to OPNX’s Kyle Davies and Su Zhu, the founders of 3AC, and stated, “VARA is continuing to monitor the situation and review OPNX’s activities to assess any further remedial action that may be necessary to protect and protect the environment.” market,” Dubai’s virtual asset regulator said in a statement.
“Customers of the United Arab Emirates Accounts cannot be opened on OPNX at any given time,” Leslie Lamb said in a WhatsApp message sent to Bloomberg.
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