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Dubai Authorities Fined OPNX $2.7 Million for a Market Offense

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A month after going live, OPNX created by founders of the collapsed 3AC, was slammed with a $2.7 million fine by Dubai's VARA.

A month after going live, OPNX created by founders of the collapsed 3AC, was slammed with a $2.7 million fine by Dubai’s VARA.

While the executives have paid their fine, VARA said OPNX is yet to make payment, with the regulator considering taking actions against the platform.published on Wednesday , VARA revealed that OPNX was yet to pay a fine of 10 million AED issued against it on May 2 for a market offense.

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