The temporary court administrators of the bankrupt cryptocurrency creditor Hodlnaut have reportedly rejected the latest purchase due to the fact that the settlement token has fallen by 90%.Hodlnaut's executives opposed the terms of the purchase of the OPNX cryptocurrency exchange, founded by Kyle Davis and Su Zhu, co-founders of the bankrupt hedge fund Three Arrows Capital (3AC). In a recent lawsuit, interim executives alleged that the supply of $30 million worth of Flex tokens (FLEX) was illiquid and had a speculative value, a source told Bloomberg in September. 19. Most of Hodlnaut Group's lenders, which account for 60% of the total debt, are also against the opnx deal çıktı.De OPNX has lost about 90% of Flex's value since then, its executives said.ffer will acquire 75% of Hodlnaut in early August 2023. When the offer was submitted, FLEX was trading for about $ 7. According to Coingecko, at the time of writing, the Flex coin is trading at $0.58.Besides the concerns about FLEX, Hodlnaut's interim court administrators were concerned about the lack of infusion of cash or assets with comparable liquidity, implying that there are significant digital assets such as Bitcoin (BTC) or ether (ETH). Pays payers were also unhappy that OPNX did not provide a schedule for creditors to repay their debts and did not provide payment details above 30% of the debts.The court approved the sale of FTX digital assets for up to $ 3.4 billion. Flex is a local token of the coinflex exchange, which is closely connected to the opnx platformMark Lamb and Sudhu Arumugam, the founders of Orm as, also participated in the launch of opnx.Pay June 2022, Coinflex suspended all payments, the CEO said, citing extreme market conditions and ongoing uncertainty regarding the counterparty.The exchange filed an application for reorganization with the Seychelles Court... Because the company wants to compensate for an $ 84 million loss from a large individual customer. Coinflex expects its operations to officially end on October 31, 2023 and advises its customers to withdraw all funds from the platform before the closing date.Collect this article as NFT to preserve this moment in history and to show your support for independent journalism in the crypto space.Magazine: Hall of Flame: cryptourist Irina Hiver on threats about murder, case predictions