Coinbase Director: OX.FUN's non OX token assets have shrunk to approximately $1.7 million

According to Foresight News, Coinbase Director Conor Grogan tweeted that "the non OX token assets of perpetual contract trading platform OX.FUN have shrunk to about $1.7 million. If it processes 1 million USDC exchange requests, their exchange amount will be even lower. This will reduce their total USDC to about $1000." Foresight News previously reported that Su Zhu, former founder of Three Arrows Capital, had stated on social media in January last year that OX.FUN was undergoing new financing and was progressing smoothly.