OPNX issued an acquisition offer to CoinFLEX creditors, and the recipient will receive a total of 25% of OPNX equity

On October 31, Leslie Lamb, CEO of Open Exchange (OPNX), issued an open letter stating that OPNX has made a tender offer to CoinFLEX creditors. Accepting parties will receive a total of 25% equity in OPNX and will be proportionally allocated based on their debt size. Creditors who do not accept the offer will receive nothing. In addition, the open letter states that CoinFLEX creditors who accept the offer will collectively receive up to 1 billion OX based on their collective preferences through their OPNX accounts or through automated DeFi platforms such as LlamaPay in a trustless manner, and will have the right to exercise their options within ten years.

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