Deals
OPNX Exchange Touted by Three Arrows Founders Bids for Ailing Crypto Lender Hodlnaut
- OPNX lodged a takeover offer for ailing crypto lender Hodlnaut
- Singapore court is overseeing Hodlnaut’s restructuring process
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A digital-asset exchange linked to the founders of failed hedge fund Three Arrows Capital is seeking to take control of ailing crypto lender Hodlnaut, whose restructuring is being overseen by a court in Singapore.
The exchange, OPNX, has offered to inject the equivalent of $30 million in FLEX digital tokens into Hodlnaut to fund a partial creditor payout to finalize claims, according to a person familiar with the matter who asked not to be identified discussing private information, and a term sheet seen by Bloomberg News.