Founders of collapsed crypto hedge fund Three Arrows Capital Su Zhu and Kyle Davies are reportedly making an attempt to boost cash for a brand new cryptocurrency trade in partnership with Coinflex cofounders Mark Lamb and Sudhu Arumugam. In line with a pitch deck, they’re trying to boost $25 million.
The proposed new trade is to be referred to as GTX, in response to the presentation. It promised to crack the claims market as nicely:
“Our authorized crew will streamline and automate claims onboarding to GTX and make it the dominant market for FTX and different bankrupt corporations’ claims.”
Cryptocurrency trade Coinflex halted withdrawals in June and is within the strategy of restructuring.
The founders of 3AC, Zhu Su and Kyle Davis, and the 2 founders of CoinFlex have launched a brand new mission, GTX, which is elevating a seed fund of $25m to commerce claims from collectors. Su Zhu acknowledged the information to WuBlockchain: “sure, no remark, simply busy constructing it”.
— Wu Blockchain (@WuBlockchain) January 16, 2023
Associated: Three Arrows Capital collectors categorical frustration with chapter course of throughout name
