Despite facing criticism over their company Open Exchange, which reportedly operated without a license, founders Kyle Davies and Su Zhu say they are tuning out the negativity. While the business faced financial troubles, they continued to push forward, even quoting John F. Kennedy on Twitter to defend themselves. The duo are currently in Bali taking a break and considering future business ventures, including opening a chicken restaurant in Dubai and exploring opportunities in artificial intelligence.
Since its launch, Open Exchange has faced intense scrutiny, with some companies listed as investors denying any involvement. However, the founders claim they have been able to create 75 jobs, despite their struggles. Recently, they launched their own cryptocurrency, OX, which had a promising start and reinvigorated Davies’ excitement about startups. Privately, he has been encouraging Three Arrows’ creditors to trade their bankruptcy claims on Open Exchange, but some have expressed frustration with the process, with reports suggesting Davies spoke the entire time during an “ad hoc 3AC creditor meeting”.
Despite their challenges, Davies and Zhu remain positive, speaking glowingly of their travels to Bali, Singapore and Barcelona. They’ve even considered creating a Sundance-worthy empathy piece about the collapse of Luna, but are currently focused on kickstarting new ventures.
