Friday, 24 March, 2023
Bankrupt 3AC Seeks Funding For New Crypto Exchange Gets Mocked For Proposed Name
<p>The co-founders of the failed 3AC hedge fund want $25 million to start up a proposed exchange. It will be called GTX, "because G comes after F," and FTX, the once-huge exchange, is now bankrupt. The group's looking to raise funds "ASAP" for a potential launch by the end of February. After a round of kicking on crypto Twitter, investment firm CoinFlex which is partnering with the former 3AC founders Kyle Davies and Su Zhu tried to quiet the controversy.</p> <quillbot-extension-portal></quillbot-extension-portal>
Read full story at BloomBerg
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