What happened in May and started the great collapse Terra (Luna) one of the largest crypto hedge funds that declared bankruptcy in June after the collapse of Three Arrows Capital (3AC) founders Zhu Su and Kyle Davies new cryptocurrency preparing to set up the stock market.
According to information obtained by The Block, 3AC founders Zhu Su and Kyle Davies, “GTX” They want to raise $25 million to launch a new crypto exchange called
It is among the incoming information that this exchange is planned to be established and put into operation as soon as possible.
It was also stated that the founders of 3AC will partner with Mark Lamb and Sudhu Arumugam from CoinFlex for the crypto exchange they are planning to establish.
Chinese crypto journalist Wu Blockchain confirmed that Zhu Su confirmed this news in his post.yes, there are no comments for now. I’m just busy building the stock market.” said he said.
Wu Blockchain also said that his exchange named GTX hopes to unlock the 20 billion crypto demand market and fill the gap in the crypto market after FTX’s bankruptcy.
The founders of 3AC, Zhu Su and Kyle Davis, and the two founders of CoinFlex have launched a new project, GTX, which is raising a seed fund of $25m to trade claims from creditors. Su Zhu acknowledged the news to WuBlockchain: “yes, no comment, just busy building it”.
— Wu Blockchain (@WuBlockchain) January 16, 2023
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