OX.FUN Exchange Faces Collapse Amid $1 Million Extortion Scandal
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Cryptocurrency exchange OX.FUN, led by former Three Arrows Capital's Su Zhu, is embroiled in controversy over alleged attempts to extort $1 million from an artists' collective. With reserves reportedly plummeting to $1,000 USDC, the platform shows signs of imminent collapse following its founder's pattern of failed ventures.