OPNX founder Su Zhu said the exchange was shut down because FTX real estate claims had reached ‘recovery’.

“FTX’s recovery spells the end for crypto-claimed assets. The OX community will now focus on Ox.Fun and we would like to congratulate FTX asset owners on their full recovery.” Zhu said in a statement provided by co-founder Kyle Davies on Telegram. Davis said the two are advisors to Ox.Fun, a recently launched derivatives exchange centered around the Ox token.