Key points:
- Mark Lamb Sudgu ArumugamCoinFLEX’s co-founders, the troubled cryptocurrency, CoinFLEX, were also founders of the team.
- Users Trade claims for bankrupt crypto companies can be made on GTX. These BlockFi is a company. Celsius, FTX and Mt. GoxTo name just a few.
- The Information was verified by WuBlockchainIt was given to. Three Arrows Founding founder Su ZhuAccording to some reports, he said: “no comment, just busy building it.”
Co-founders of Three Arrows Capital (3AC), Mark Lamb and Sudgu Arumugam, are currently making presentations to potential investors to raise $25 million in order to launch a new crypto exchange called GTX.
As The pitch proposal stated, GTX would enable users to partake in a $20 million crypto claims market, which includes struggling organizations like BlockFi, Celsius, FTX and Mt.Gox, to name a few.
This GTX intends trading cryptocurrency bankruptcy claims. In The platform also wants to tap into stock lending, currently valued at $2 trillion.
WuBlockchain The story was confirmed by team members Su ZhuCo-founder of now-defunct cryptocurrency hedge funds 3AC was, Su Zhu replied: “yes, no comment, I’m just busy building it.” Mark Lamb Sudhu ArumugamBoth were involved in CoinFLEX’s founding and are now members of the team.
3AC founders Zhu Su Kyle Davis The two CoinFlex founders have launched a new project called GTX. It is raising $25 million to settle creditors claims. Su Zhu Recognized the news WuBlockchain: “yeah, no comment, just busy building it.”
— Wu Blockchain (@WuBlockchain) January 16, 2023
“3AC founders Zhu Su and Kyle Davis, who are also the two founding members of CoinFlex, have launched a new project called GTX. It is raising $25 million to settle creditor claims. Su Zhu acknowledged the news to WuBlockchain: “yes, no comment, just busy building it. (2)”
NotablyCoinFLEX crashed due to contagion in 2022. Terra collapse. In JulyThe site implemented withdrawal restrictions and fired a significant portion of its staff.
Leslie LambFormer Director Of Institutional Sales For Amber Group, will assume the role of Director Of Marketing GTX. By contrast, Kent DogWho was the most recent employee of AlibabaAs chief technology officer, he will be taking over the business.
The Founders of 3AC Contemplate a Return
The GTX announces its pitch to potential investors months after the collapse and disintegration of a cryptocurrency hedge fund Three Arrows Capital In mid-2022 In Co-founders react to the incident Su Zhu Kyle Davies They could not be seen and there were rumors that they had traveled together. Dubai.
Both Zhu Davies It is alleged that Alameda Research This was in recognition of their long-standing ownership in the company. The Two other people said the same thing. Sam Bankman’s companies, Fried’sDespite the fact that the disgraced founder of FTX refuted the allegations, they were responsible for 3AC’s failure.
Several The regulatory agencies include the Commodity Futures Trading Commission (CFTC) and Securities Exchange Commission (SEC), launched investigations into 3AC’s founders and the company, in suspicion of engaging with unethical business practices. .
Because The court and liquidators don’t know where they are. Zhu Davies Both were notified immediately (3) with citatiOns through the social network Twitter on January 5, 2023.
