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CoinFLEX Crypto Exchange Creditors Accuse Other Exchange OPNX

Creditors of the crypto derivatives exchange CoinFLEX are alleging that the newly established creditor claims marketplace OPNX, founded by bankrupt crypto hedge fund Three Arrows Capital (3AC) co-founders Kyle Davies and Su Zhu, wrongfully used CoinFLEX assets without their consent. The accusations are detailed in a writ of summons filed in the High Court of Hong Kong and was first reported on by Cointelegraph on Thursday. The plaintiffs, Liquidity Technologies and Liquidity Technologies Software, entities associated with CoinFLEX’s original operations, claim that OPNX co-founder and former CoinFLEX CEO Mark Lamb misappropriated assets, intellectual properties, and trade secrets of CoinFLEX during his tenure.

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