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Three Arrows execs aim to start fresh platform to trade distressed crypto debt
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The founders of a bankrupt crypto hedge-fund firm are seeking to launch an exchange where creditors to insolvent digital-assets firms, including their own, would be able to buy and sell claims.
Su Zhu, a co-founder of the bankrupt crypto hedge-fund manager Three Arrows Capital, said that he and others are seeking to raise $25m in seed money for the new platform. A pitch deck to potential investors, seen by The Wall Street Journal, referred to the company as GTX, a poke at the fallen crypto exchange FTX.
Zhu...
Read more on fnlondon.comAbout this in other media
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