3AC, Coinflex founders collaborating to raise $25M for new claims shopping and selling alternate

3AC, Coinflex founders taking part to prefer $25M for trace new claims procuring and selling replace

Founders of collapsed crypto hedge fund Three Arrows Capital (3AC) Su Zhu and Kyle Davies are reportedly seeking to prefer cash for a new cryptocurrency replace in partnership with Coinflex cofounders Fee Lamb and Sudhu Arumugam. In accordance with a pitch deck, they’re having a look to prefer $25 million.

The proposed new replace is to be called GTX, based on the presentation. They propose to namely target claims in opposition to bankrupt companies. “FTX customers are promoting claims at ~10% face value for rapid liquidity or waiting 10+ years for the industrial slay to process disbursements,” the presentation mentioned. It promised to crack the claims market:

Proceed Discovering out on Coin Telegraph

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