PANews reported on January 16 that according to two independent pitches obtained by The Block, Su Zhu and Kyle Davies, the founders of the defunct cryptocurrency hedge fund Three Arrows Capital (3AC), hope to raise $25 million to launch a new cryptocurrency exchange called GTX.
The duo are working with Mark Lamb and Sudhu Arumugam of CoinFlex to launch a new venture that aims to start offering cryptocurrency bankruptcy claim trading.