OX.FUN, a digital currency derivatives exchange supported by Su Zhu, one of the founders of Three Arrows Capital, denied bankruptcy claims. The platform announced that all withdrawals were processing normally and these claims were part of coordinated rumors. Despite various allegations regarding remaining funds in OX.FUN, data from Arkham Intelligence shows the exchange has approximately $1 million in assets, mainly held in its native token OX. However, OX.FUN has not responded to claims about layoffs and remaining funds. The issues arose from disputes with JefeDAO, where a member deposited $1 million USDC but later tried to withdraw it, leading to a conflict. OX.FUN alleged the user violated service terms, while JefeDAO accused OX.FUN of manipulation. OX.FUN dismissed these claims, stating JefeDAO attempted an oracle manipulation attack. Finally, JefeDAO mocked the attack allegation, questioning why they would request daily advertising if they believed in an attack. Clearly, a fraudulent claim.
