3AC, Coinflex founders collaborating to raise $25M for new claims trading exchange
Founders of collapsed crypto hedge fund Three Arrows Capital Su Zhu and Kyle Davies are reportedly trying to raise money for a new cryptocurrency exchange in partnership with Coinflex cofounders Mark Lamb and Sudhu Arumugam. According to a pitch deck, they are looking to raise $25 million.
The proposed new exchange is to be called GTX, according to the presentation. It promised to crack the claims market as well:
“Our legal team will streamline and automate claims onboarding to GTX and make…