Recently, the crypto derivatives platform OX.FUN finds itself at the center of insolvency rumors, sparking intense discussions and speculation within the crypto community.
Decoding OX.FUN Rumours
OX.FUN, linked to Su Zhu, co-founder of the notorious Three Arrows Capital (3AC), is currently under scrutiny due to rumors of low reserves, allegedly at just $180,000. The source of these rumors remains unclear, creating uncertainty within the community.
OX.FUN’s Response
OX.FUN has firmly rejected the allegations, asserting that all withdrawal requests are being handled normally. The platform described the rumors as 'coordinated disinformation' aimed at undermining its reputation. It stated that reserves provide liquidity, albeit without revealing specific figures.
The Su Zhu Impact
Su Zhu's reputation, stemming from the 3AC failure, significantly impacts OX.FUN despite its separate entity status. The collapse of 3AC fostered distrust within the community, necessitating greater transparency and active efforts from the new platform to regain trust.
The insolvency rumours surrounding OX.FUN emphasize the importance of transparency and trust in the cryptocurrency space. The platform must actively address skepticism and strengthen its position in the competitive industry.
