Founders of collapsed crypto hedge fund Three Arrows Capital Su Zhu and Kyle Davies are reportedly attempting to lift cash for a brand new cryptocurrency change in partnership with Coinflex cofounders Mark Lamb and Sudhu Arumugam. Based on a pitch deck, they wish to elevate $25 million. 

The proposed new change is to be known as GTX, in line with the presentation. It promised to crack the claims market as nicely:

“Our authorized group will streamline and automate claims onboarding to GTX and make it the dominant market for FTX and different bankrupt corporations’ claims.”

Cryptocurrency change Coinflex halted withdrawals in June and is within the technique of restructuring. 

Associated: Three Arrows Capital collectors categorical frustration with chapter course of throughout name

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