Conor Grogan, director of Coinbase, tweeted: "The non-OX token assets OX.FUN the perpetual contract trading platform have shrunk to about $1.70 million. If they had processed the exchange request for 1 million USDC, they would have exchanged less. This would have reduced their total USDC to about $1,000." Previously, Su Zhu, the former founder of Three Arrows Capital, said on the social platform in January last year that OX.FUN is in the process of new financing and it is going well.