The founders of the no longer existing crypto hedge fund Three Arrows Capital are looking for $ 25 million to start a new exchange in the middle of a precise exam-

The founders of the no longer existing crypto hedge fund Three Arrows Capital are looking for $ 25 million to start a new exchange in the middle of a precise exam-

reports that the founders of the now dissolved crypto hedge fund Three Arrows Capital (3AC) are trying to raise $ 25 million from investors to found a new crypto exchange called GTX. This request for new capital after the 3AC co-founders SU ZHU and Kyle Davies were charged via the Twitter social media platform.

Pitch Deck shows three arrows The co -founders of Capital are looking for new investments for Crypto Exchange GTX

There is a flood of and Screenshots of an alleged pitch deck and a website that the two 3ac co-founder claim su zhu and kyle davis try, To raise $ 25 million from investors. You supposedly want to start a new stock exchange called GTX. The crypto hedge fonds Three Arrows Capital for insolvency protection according to Chapter 15 in the first week of July 2022.

It is said that the company's liquidators had difficulty communicating with the two founders. Zhu and Davies were recently . In addition, reports indicate that 3ac is supposedly examined for possible legal violations by the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).

In addition to ZHU and Davies, two managers from Coinflex, Mark Lamb and Sudhu Arumugam, are also mentioned as part of the new team. Coinflex as well as Three Arrows Capital suffered from financial problems and stored for restructuring services on the Seychelles last August.

Of course the alleged pitch deck and the screenshots of the website divided on social media and the 3AC founders were widespread mocked . Both founders were Aktiver but you have not recently speculated about the foundation of a new crypto exchange called GTX addressed.

At the time of writing this article, it has not yet been officially confirmed whether the 3AC duo starts a new crypto exchange.

What do you think of the founders of Three Arrows Capital, who are looking for new investments despite the legal examination and earlier financial problems and founding a new crypto exchange? Share your opinion on this topic in the comment area below.

Jamie Redman

Jamie Redman is the news manager at Bitcoin.com News and a Journalist for Financial Technology living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com news about the disruptive protocols that arise today.


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