Dubai’s VARA Slam Monetary Fines On 3AC Founders Over Law Violation

Founders of the now-bankrupt crypto lending firm (3AC), Su Zhu and Kyle Davies, have found themselves in hot waters with the Dubai regulatory body after their new exchange, OPNX, was flagged down by the agency. According to reports, Dubai’s crypto regulator (VARA) has fined OPNX and its founders ov…

By Steve Kornacki · Updated Aug 18, 2023