Dubai's Virtual Assets Regulatory Authority (VARA) has slapped failed 3AC co-founders with a massive $2.7 million fine against their new crypto project OPNX. Crypto exchange OPNX, co-founded by Kyle Davies and Su Zhu who established the now-defunct hedge fund Three Arrows Capital (3AC), has apparently not paid the fine of AED10 million ($2.7 million) which was imposed by VARA in May for a market offense....
Dubai Fines Co-Founders of Failed Three Arrows Capital Over New Exchange OPNX
Crypto News - 16 Aug 2023 18:37
Dubai's Virtual Assets Regulatory Authority (VARA) has slapped failed 3AC co-founders with a massive $2.7 million fine against their new crypto project OPNX. Crypto exchange OPNX, co-founded by Kyle Davies and Su Zhu who established the now-defunct hedge fund Three Arrows Capital (3AC), has apparently not paid the fine of AED10 million ($2.7 million) which was imposed by VARA in May for a market offense....
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