OPNX: Opening the claims purchase market from limited participation to allowing anyone to participate

ChainCatcher news, the crypto claims and trading platform Open Exchange (OPNX), founded by Three Arrows Capital founder Zhu Su and others, tweeted that it is opening the claims purchase market from a few participants to anyone. The value of claims tokens may fluctuate significantly based on market conditions or the latest developments in bankruptcy proceedings. For example, in the FTX bankruptcy case, the IRS filed a $44 billion claim against FTX, which takes priority over creditor claims, potentially leading to a significant devaluation of related FTX claims tokens.

Previously reported, OPNX will collaborate with RWA tokenization service provider Heimdall to launch a claims trading market for claiming and trading claims on a public order book, allowing claimants to unlock value in their claims. (source link)