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OPNX plans to invest $30 million in FLEX tokens to acquire 75% of Hodlnaut's shares

Sep 19, 2024 07:25:05

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ChainCatcher news, according to Bloomberg, citing informed sources, the crypto claims and trading platform OPNX plans to inject $30 million worth of FLEX digital tokens into the crypto lending platform Hodlnaut to fund partial payments to creditors and complete the claims process.

According to the relevant terms, after the FLEX injection, OPNX will own 75% of Hodlnaut. The document mentions that if creditors agree to the plan, they will receive 30% of FLEX and other token claims, or a proportional payment of up to 95% of the total available corporate asset pool, whichever is higher.

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