SU ZHU and Kyle Davies collect $ 25 million for a crypto exchange: report

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The two people behind the now bankrupt crypto hedge fund Three Arrows Capital are reported to be founded a new stock exchange and want to collect $ 25 million from investors.

The name of the new project will be GTX and have a somewhat controversial relationship with FTX.

  • , citing two pitch desks, the Block reported that the name GTX comes from the idea that "G comes to f", in a clear belonging to the failed crypto exchange. Remember that SU ZHU made several comments on the FTX debacle at the time and the actions of SBF.
  • The $ 25 million that Zhu and Davies now want to raise should help you start the new stock exchange that will focus on the trade in crypto bankruptcy demands.
  • The report also found that the FTX believers are transferred to the former SBF-led stock exchange after their introduction to GTX.
  • 3AC, once one of the largest crypto hedge funds, was one of the first domino stones that fell after the collapse of the Terra ecosystem last summer. Since then, both founders have been rather quiet on social media and have reportedly not worked with law enforcement authorities.
    • However,
  • ZHU and Davies refuted these rumors, but were recently charged in the bankruptcy proceedings.
  • You have started to turn to the community more often in the past few weeks and often blown up other fighting crypto companies such as the Digital Currency Group.