3AC founders fined by Dubai regulator over OPNX exchange

On Aug. 16, Dubais Virtual Asset Regulatory Authority (VARA) released a notification of fines for the OPNX Exchange. The regulator stated that it has provided a fine of 10 million dirhams, around $2.7 million for violations of its market regulations, and kept in mind that the fine stays unsettled. Source: VARAApart from the exchange, VARA also announced that it likewise issued a fine of 200,000 dirhams (around $54,000) to executives of the OPNX, consisting of Davies, Zhu, Mark Lamb and its CEO Leslie Lamb.

On Aug. 16, Dubais Virtual Asset Regulatory Authority (VARA) released a notice of fines for the OPNX Exchange. The regulator said that it has provided a fine of 10 million dirhams, around $2.7 million for infractions of its market regulations, and kept in mind that the fine stays unsettled. Source: VARAApart from the exchange, VARA also announced that it also provided a fine of 200,000 dirhams (around $54,000) to executives of the OPNX, consisting of Davies, Zhu, Mark Lamb and its CEO Leslie Lamb.