Bitcoin
Bitcoin (BTC)
$83,229.00 -1.33811
Bitcoin price
Ethereum
Ethereum (ETH)
$1,899.28 -1.67025
Ethereum price
BNB
BNB (BNB)
$625.74 2.92825
BNB price
Solana
Solana (SOL)
$128.34 -4.95643
Solana price
XRP
XRP (XRP)
$2.34 -1.97249
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000133 1.92354
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000068 -4.41319
Pepe price
Bonk
Bonk (BONK)
$0.0000108 -2.74474
Bonk price
dogwifhat
dogwifhat (WIF)
$0.482081 -2.62324
dogwifhat price
Popcat
Popcat (POPCAT)
$0.190766 -3.5818
Popcat price
Bitcoin
Bitcoin (BTC)
$83,229.00 -1.33811
Bitcoin price
Ethereum
Ethereum (ETH)
$1,899.28 -1.67025
Ethereum price
BNB
BNB (BNB)
$625.74 2.92825
BNB price
Solana
Solana (SOL)
$128.34 -4.95643
Solana price
XRP
XRP (XRP)
$2.34 -1.97249
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000133 1.92354
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000068 -4.41319
Pepe price
Bonk
Bonk (BONK)
$0.0000108 -2.74474
Bonk price
dogwifhat
dogwifhat (WIF)
$0.482081 -2.62324
dogwifhat price
Popcat
Popcat (POPCAT)
$0.190766 -3.5818
Popcat price
Bitcoin
Bitcoin (BTC)
$83,229.00 -1.33811
Bitcoin price
Ethereum
Ethereum (ETH)
$1,899.28 -1.67025
Ethereum price
BNB
BNB (BNB)
$625.74 2.92825
BNB price
Solana
Solana (SOL)
$128.34 -4.95643
Solana price
XRP
XRP (XRP)
$2.34 -1.97249
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000133 1.92354
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000068 -4.41319
Pepe price
Bonk
Bonk (BONK)
$0.0000108 -2.74474
Bonk price
dogwifhat
dogwifhat (WIF)
$0.482081 -2.62324
dogwifhat price
Popcat
Popcat (POPCAT)
$0.190766 -3.5818
Popcat price
Bitcoin
Bitcoin (BTC)
$83,229.00 -1.33811
Bitcoin price
Ethereum
Ethereum (ETH)
$1,899.28 -1.67025
Ethereum price
BNB
BNB (BNB)
$625.74 2.92825
BNB price
Solana
Solana (SOL)
$128.34 -4.95643
Solana price
XRP
XRP (XRP)
$2.34 -1.97249
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000133 1.92354
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000068 -4.41319
Pepe price
Bonk
Bonk (BONK)
$0.0000108 -2.74474
Bonk price
dogwifhat
dogwifhat (WIF)
$0.482081 -2.62324
dogwifhat price
Popcat
Popcat (POPCAT)
$0.190766 -3.5818
Popcat price

Su Zhu-backed crypto exchange OX.FUN under scrutiny over insolvency claims

Dorian Batycka
Edited by
News
Su Zhu-backed crypto exchange OX.FUN under scrutiny over insolvency claims

OX.FUN, a hybrid perps crypto exchange backed by co-founders of the failed Three Arrows Capital hedge fund, is under scrutiny as data suggests it holds mostly its own OX token.

Gamified crypto derivatives exchange OX.FUN, which lists Three Arrows Capital co-founder Su Zhu as its advisor, is firing back against accusations of its insolvency, saying in an X post that NFT artist JefeDAO is attempting “a social media campaign” in a bid to trigger a “coordinated FUD.”

In an X post on Feb. 24, OX.FUN denied insolvency claims, stating that “all withdrawals are processing normally.” The exchange also accused JefeDAO of attempting to exploit the platform, saying his funds were frozen due to violations of its terms of service.

The dispute started when JefeDAO claimed one of its members deposited $1 million in USD Coin (USDC) into OX.FUN but was later unable to withdraw funds. OX.FUN’s founder, Nicolas Bayle, shortly after took to X to say that JefeDAO engaged in an “oracle manipulation attack,” placing large limit orders below fair market prices and closing short positions at lower levels.

However, JefeDAO refuted the allegations. The artist also claimed that Bayle offered to return the funds in exchange for daily social media promotion of the platform.

“I literally know this is 100% fraud just based on the fact that it is highly unusual and suspicious for an exchange to request the promotion of their social media accounts as a condition to return someone’s funds.”

JefeDAO

Coinbase’s head of product Conor Grogan suggested in an X thread that OX.FUN’s wallets mostly hold its own OX tokens. He added that if the platform processes a pending $1 million USDC withdrawal, its USDC balance would drop to around $1,000.