Founders of Bankrupt 3AC Seek $25M for New Cryptocurrency Exchange

The bankrupt crypto investment fund Three Arrows Capital (3AC) is preparing to launch a new cryptocurrency exchange called co-founders Su Zhu and Kyle Davies.

The founding partners of Three Arrows Capital, which went bankrupt, according to two separate documents obtained by The Block Water Zhu and Kyle Daviesco-founders of CoinFlex Mark Lamb and Sudhu Arumugam started working to establish a new cryptocurrency exchange together with

For this new exchange called GTX, the founders $25 million fund reportedly seeking. In a presentation on the name of the exchange, the FTX reference was included.G comes after the letter F, so the next exchange will be GTX” was stated.

He served as CTO at Alibaba Tencent Huawei in the management team of the exchange. Kent DengFormer corporate president of and Amber Group Leslie LambIt is planned to take place.

According to the information transferred, CoinFlex’s technology will be used for the infrastructure of GTX. In addition, the native token of the exchange USDG Thanks to this, options such as obtaining loans and earning interest income will be provided. Aiming to launch “as soon as possible”, this new exchange is, according to commentators, even after a month cryptocurrency can take place in the market.

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