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Three Arrows execs aim to start fresh platform to trade distressed crypto debt
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fnlondon.comThe founders of a bankrupt crypto hedge-fund firm are seeking to launch an exchange where creditors to insolvent digital-assets firms, including their own, would be able to buy and sell claims.
Su Zhu, a co-founder of the bankrupt crypto hedge-fund manager Three Arrows Capital, said that he and others are seeking to raise $25m in seed money for the new platform. A pitch deck to potential investors, seen by The Wall Street Journal, referred to the company as GTX, a poke at the fallen crypto exchange FTX.
Zhu...
Read more on fnlondon.comAbout this in other media
Would a Clear Out of Crypto Moguls and Their Centralized Companies Be Good for the Digital Asset Class? cryptonews.com /1 year ago
Want to Buy Distressed Crypto Assets? 3AC Founders May Be Creating an Exchange For That Called GTX cryptonews.com /1 year ago
3AC, Coinflex founders collaborating to raise $25M for new claims trading exchange cointelegraph.com /1 year ago
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