TLDR:
- New gamified perps exchange OX.FUN announced a $4 million financing round led by Foresight Ventures.
- However, Foresight Ventures has denied leading the fundraising efforts for OX.FUN.
On February 23, OX.FUN, a new crypto venture of Su Zhu, the co-founder of collapsed hedge fund Three Arrows Capital (3AC), secured a $4 million financing round. The funding round was reportedly led by Foresight Ventures and attracted participation from other firms like Double Peak Group, Emchain, and GenblockCapital. However, Foresight Ventures has distanced themselves from the fundraising, stating that they are not affiliated with OX.FUN’s fundraising endeavors in any capacity. They clarified that discussions with OX.FUN were about a potential token trade and not about an investment or endorsement of their fundraising campaign. OX.FUN is linked to 3AC, and Su Zhu’s previous crypto exchange project, OPNX, has also faced challenges in the past.
