Close Menu
  • Crypto News
  • Markets
  • Bitcoin
  • Ethereum
  • XRP
  • Altcoins
  • Technology
  • More
    • Crypto Prices – Latest from BTC, ETH & XRP
    • NFT
    • DeFi

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Trending

Here’s why Circle’s CPN could be a threat to XRP price

July 7, 2025
5 Countries Where Crypto Is Tax-Free in 2025 (And Still Legal)

5 Countries Where Crypto Is Tax-Free in 2025 (And Still Legal)

July 7, 2025

Mine BTC with XRP via RICH Miner’s cloud mining platform

July 7, 2025

can bulls break the $2.42 barrier?

July 7, 2025

Ethereum Eyes 16.7M Gas Cap Under Vitalik Buterin’s New Proposal

July 7, 2025
Facebook X (Twitter) Instagram
  • Advertise
en English
nl Nederlandsen Englishfr Françaisde Deutschit Italianoru Русскийes Españolzh-CN 简体中文hi हिन्दीja 日本語
Crypto Observer
  • Crypto News

    Ethereum Eyes 16.7M Gas Cap Under Vitalik Buterin’s New Proposal

    July 7, 2025

    Bitcoin To Repeat Parabolic Phase From 2017 And 2021? Here’s The Target

    July 7, 2025

    BioMatrix Surpasses 5 Million Verified Users, Setting New Standards for Real Human Engagement in Web3

    July 7, 2025

    Ethereum Breaks Higher With Conviction: No Signs Of A Breakdown Yet

    July 7, 2025

    No Monday Buy, but Strategy Reports $14B Bitcoin Gain

    July 7, 2025
  • Markets
  • Bitcoin
  • Ethereum
  • XRP
  • Altcoins
  • Technology
  • More
    • Crypto Prices – Latest from BTC, ETH & XRP
    • NFT
    • DeFi
Facebook X (Twitter) Instagram
Crypto Observer
Home » Technology » Blockchain » OPNX spikes after arrested Su Zhu’s “gm” on X
Blockchain

OPNX spikes after arrested Su Zhu’s “gm” on X

Crypto Observer StaffBy Crypto Observer StaffDecember 1, 2023No Comments2 Mins Read
Facebook Twitter Pinterest Reddit Telegram Email LinkedIn Tumblr
Share
Facebook Twitter LinkedIn Pinterest Email

The token of the Open Exchange (OX) cryptocurrency platform OPNX rose 50% after a tweet from the arrested co-founder of the exchange Su Zhu.

According to CoinMarketCap data, the OPNX token price rose 50% to $0.0214 just 20 minutes after Su Zhu’s post, but has since settled at around $0.01734 cents at press time.

Zhu posted a simple “gm” – an acronym for “good morning” – marking his first X-post since Sept. 29, 2023 the same day he was arrested.

At the time of writing, the price of the coin had dropped to $0.01752 with an increase of 24% over the last 24 hours. OPNX hit a 63-day high, a price not seen since Su’s arrest on Sept. 29. However, OPNX is trading well below its all-time high of $0.08124 and its price has dropped significantly since the arrest of OX’s co-founder.

Source: CoinMarketCap

Trading volumes for the token also increased by 128% over the past 24 hours, reaching $7.9 million.

At the end of Sept. 2023, Zhu was arrested in Singapore while trying to leave the country. Police detained Zhu at Changi Airport as he tried to leave Singapore after issuing an arrest warrant. The order was obtained because he failed to comply with a previous court order requiring him to provide information related to the bankruptcy of Three Arrows Capital.

Three Arrows Capital (3AC) was a $10 billion hedge fund that collapsed in July 2022 due to the crash of the Terra ecosystem. Zhu and his partner Kyle Davies were said to be in hiding from liquidators when Zhu was apprehended, although they were active on social media after 3AC’s collapse. A similar detention order was made against Davies, though his whereabouts remain unknown.

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

5 Countries Where Crypto Is Tax-Free in 2025 (And Still Legal)

5 Countries Where Crypto Is Tax-Free in 2025 (And Still Legal)

July 7, 2025
Shenzhen Warns Against Stablecoin Scams

Shenzhen Warns Against Stablecoin Scams

July 7, 2025
LetsBonk Surpasses Pump.fun in Daily Revenue, Per DefiLlama Data

LetsBonk Surpasses Pump.fun in Daily Revenue, Per DefiLlama Data

July 7, 2025
Bhutan Embraces Crypto Payments to Attract Modern Tourists

Bhutan Embraces Crypto Payments to Attract Modern Tourists

July 7, 2025
Add A Comment

Leave A Reply Cancel Reply

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Top Posts

Here’s why Circle’s CPN could be a threat to XRP price

July 7, 2025
5 Countries Where Crypto Is Tax-Free in 2025 (And Still Legal)

5 Countries Where Crypto Is Tax-Free in 2025 (And Still Legal)

July 7, 2025

Mine BTC with XRP via RICH Miner’s cloud mining platform

July 7, 2025
Advertisement
Demo

Crypto Observer is your one-stop website for the latest crypto news and updates, follow us now to get the news that matters to you.

Facebook X (Twitter) Instagram
Crypto News

Bitcoin To Repeat Parabolic Phase From 2017 And 2021? Here’s The Target

July 7, 2025

BioMatrix Surpasses 5 Million Verified Users, Setting New Standards for Real Human Engagement in Web3

July 7, 2025

Ethereum Breaks Higher With Conviction: No Signs Of A Breakdown Yet

July 7, 2025
Get Informed

Subscribe to Updates

Get the latest crypto news and updates directly to your inbox.

Facebook X (Twitter)
  • Privacy Policy
  • Terms of use
  • Advertise with us | Publishing
  • Contact us
  • Crypto News – Press release
  • Newsletter sign up
  • Markets
  • Altcoins
  • Bitcoin
  • Crypto News
  • DeFi
  • Ethereum
  • Technology
  • Blockchain
  • AI
  • NFT
  • Thanks for joining us
© 2025 Crypto Observer. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.