The trio of Zhu Su, Kyle Davies, Mark Lamb and Leslie Lamb are getting ready to launch their new cryptocurrency exchange platform OPNX for April 2021. This exchange was infamously first called GTX and had the initial goal of being just a trading platform for asset claims arising from bankrupt companies, hedge funds, and broken exchanges. However, it broadened its scope and now offers spot, futures and margin trading along with bankruptcy claims trading features. OPNX also claims to provide transparency, user-friendly interface, and reasonable prices on order book.

Despite their claimed transparency and great features, the people behind this new exchange can hardly be called trustworthy and reliable – Zhu Su, Kyle Davies and Mark Lamb led a multimillion dollar failure while damaging all their counterparts. To make matters worse, these US citizens, after the collapse of their lending exchange, apperentely left their home country and headed to the UAE – a country with no extradition law.

Leslie Lamb, CEO of OPNX and wife of Mark Lamb, agreed that their team has seen the crypto carnage first hand, which can be considered an euphemism for the hundreds of millions of dollars they lost while leveragaing long Bitcoin and other tokens. Furthermore, Leslie suggested that the exchange could tokenize asset claims from bankrupt companies and exchanges, essentially admitting that the platform will deal in unregistered securities.

The token connected with OPNX, called FLEX, is increasing its value alarmingly with a leap from $0.05 to $2.80 since the announcement of its utilization for the same purpose as Binance’s BNB. This could also be seen as an unregistered security since it fulfills the Howey Test for a common enterprise with the expectation of profit derived from the effort of others.

To give us a glimpse of the goals, values and priorities of the OPNX exchange, Kyle Davies posted a video on Twitter where he wondered what would be the budget for food – a strange and contradictory way to promote the platform.

Even though the team behind OPNX promises a great exchange with user-friendly features, their notorious past and obscure actions don’t inspire much confidence. With all the safety regulations present in the cryptocurrency industry, it is highly advisable to do a meticulous due diligence and find out more about who you are dealing with before engaging in any business.



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