The co-founders of bankrupt hedge fund 3AC zhusu and KyleLDavies are raising $25M to take over the crypto claims market but crypto community is already distancing itself from the new venture. by egreechee and Aoyon_A.
Wintermute, the large crypto market maker, was quick to distance itself from a new fundraise by the co-founders of bankrupt hedge fund Three Arrows Capital , echoing similar sentiments from the community.
GTX said it plans is to create an exchange where users can trade crypto, stocks and debt claims on bankrupt companies like FTX. The founders sees a"clear market need" to unlock $20 billion of crypto claims, which GTX said it could"dominate" within 2-3 months, according to the presentation.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
3AC founders Zhu and Davies pitch to raise $25 million for new crypto exchangeThe pair are partnering with CoinFlex's Mark Lamb and Sudhu Arumugam to launch the new venture, known as GTX, which aims to start offering trading in crypto bankruptcy claims.
Read more »
“Scammers Gonna Scam”: Ripple's Former Lead Engineer Slams 3AC's New Crypto ProjectRipple's former director of engineering has strongly criticized 3AC co-founders for launching a new cryptocurrency project
Read more »
Coinbase Exec on 2023 Global Crypto Policy Outlook Amid Crypto WinterTom Duff Gordon, Coinbase Vice President of International Policy, discusses the outlook for crypto in 2023 amid uncertainty in the markets on the heels of a recent layoff announcement for the crypto exchange. Plus, insights into Coinbase's expansion plans in Europe and the need for greater regulatory clarity.
Read more »
3AC, Coinflex founders collaborating to raise $25M for new claims trading exchangeThree Arrows Su Zhu is back and trying to raise $25M capital for a new crypto exchange.
Read more »
Crypto Presence at Davos 2023Global Blockchain Business Council CEO Sandra Ro joins 'First Mover' to discuss the presence of crypto at The World Economic Forum's annual meeting and the council's 2023 predictions on digital assets. Plus, insights on navigating the crypto winter amid layoff announcements from major companies like Coinbase and Crypto.com. And, the role crypto plays in the war in Ukraine.
Read more »