The co-founders of bankrupt hedge fund 3AC zhusu and KyleLDavies are raising $25M to take over the crypto claims market but crypto community is already distancing itself from the new venture. by egreechee and Aoyon_A.
Wintermute, the large crypto market maker, was quick to distance itself from a new fundraise by the co-founders of bankrupt hedge fund Three Arrows Capital , echoing similar sentiments from the community.
GTX said it plans is to create an exchange where users can trade crypto, stocks and debt claims on bankrupt companies like FTX. The founders sees a"clear market need" to unlock $20 billion of crypto claims, which GTX said it could"dominate" within 2-3 months, according to the presentation.
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