Risk trading companies DRW and Nascent deny investing in OPNX

According to reports, crypto risk trading company DRW and venture capital firm Nascent have denied investing in OPNX. OPNX is a bankruptcy claims exchange founded by the same group

Risk trading companies DRW and Nascent deny investing in OPNX

According to reports, crypto risk trading company DRW and venture capital firm Nascent have denied investing in OPNX. OPNX is a bankruptcy claims exchange founded by the same group of people as Sanjian Capital (3AC), a failed crypto hedge fund. A spokesperson for DRW stated that DRW is not an investor in OPNX, nor is any of its affiliated companies an investor in OPNX. Nascent stated on Twitter that we only invested in FLEX tokens in early 2021 to clarify that Nascent was not involved in the fundraising round of OPNX. The FLEX token of CoinFlex is the native token of the OPNX platform.

Risk trading companies DRW and Nascent deny investing in OPNX

I. Introduction
– Explanation of OPNX and its purpose
– Reports of DRW and Nascent’s denial of investing in OPNX
II. Background of OPNX
– Founding group’s affiliation with failed crypto hedge fund Sanjian Capital (3AC)
– Overview of bankruptcy claims exchange
III. DRW’s Denial of Investing in OPNX
– DRW’s statement regarding its involvement with OPNX
– Confirmation that none of DRW’s affiliated companies are investors in OPNX
IV. Nascent’s Denial of Investment in OPNX
– Nascent’s announcement on Twitter clarifying their involvement with FLEX tokens only
– Explanation of CoinFlex’s native token, FLEX, and its relation to OPNX
V. Conclusion
– Recap of DRW and Nascent’s denials of investing in OPNX
– Final thoughts on the controversy surrounding OPNX
# Article:
**According to reports, crypto risk trading company DRW and venture capital firm Nascent have denied investing in OPNX.**
OPNX is a bankruptcy claims exchange founded by the same group of people as Sanjian Capital (3AC), a failed crypto hedge fund. While OPNX was designed to provide a newer, easier way for investors to buy and sell bankruptcy claims, it has been the center of recent controversy due to allegations that DRW and Nascent invested in the platform.
DRW is a well-known trading company that specializes in risk management. A spokesperson for DRW stated that “DRW is not an investor in OPNX, nor is any of its affiliated companies an investor in OPNX.” This clarification came after rumors surfaced that DRW had participated in an investment round for OPNX, leading some to question the company’s involvement with the platform and the potential consequences of such involvement.
Similarly, Nascent, a venture capital firm, also found themselves in the midst of rumors regarding their affiliation with OPNX. Nascent stated on Twitter that “we only invested in FLEX tokens in early 2021,” clarifying that they were not involved in the fundraising round of OPNX. The FLEX token of CoinFlex is the native token of the OPNX platform, and Nascent’s involvement with it does not necessarily equate to involvement with OPNX as a whole.
Despite the allegations, both DRW and Nascent have denied any investment in OPNX. While controversy may continue to surround the platform due to these rumors, it is important to note that neither company has publicly confirmed any involvement with OPNX, and that investors and traders should exercise caution when dealing with the platform.
In conclusion, DRW and Nascent’s denials of investing in OPNX have shed some more light on the controversy surrounding the platform. While OPNX may offer a newer, more efficient way for investors to buy and sell bankruptcy claims, its affiliation with failed crypto hedge fund Sanjian Capital (3AC) and the current rumors of investor involvement have resulted in a fair amount of skepticism within the community. It is important to always exercise caution and conduct thorough research before investing in any platform or project.

FAQs:

1. What is DRW and what do they do?
– DRW is a trading company that specializes in risk management.
2. Who founded OPNX and why is it controversial?
– OPNX was founded by the same group of people as Sanjian Capital (3AC), a failed crypto hedge fund. It has been the center of recent controversy due to allegations of investor involvement.
3. What is the FLEX token and how is it related to OPNX?
– The FLEX token is the native token of CoinFlex, and is used on the OPNX platform. However, involvement with FLEX does not necessarily equate to involvement with OPNX as a whole.

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