Want to Buy Distressed Crypto Assets? 3AC Founders May Be Creating an Exchange For That Called GTX
The founders of now-bankrupt crypto hedge fund Three Arrows Capital and troubled crypto exchange CoinFlex have teamed up to create a new exchange focused on the claims of failed crypto projects. Su Zhu and Kyle Davies, t...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Su Zhu and Kyle Davies, the founders of collapsed crypto hedge fund Three Arrows Capital (3AC), in collaboration with Mark Lamb and Sudhu Arumugam, who founded CoinFlex, plan to launch GTX, a new crypto exchange focused on claims trading....
Read More: Want to Buy Distressed Crypto Assets? 3AC Founders May Be Creating an Exchange For That Called GTX
Why this matters
This cryptocurrency story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
Binance-Controlled Korean Exchange GOPAX Stops Trading, Makes Users Email to Withdraw Crypto
Customers of GOPAX, a Korean exchange whose operator Streami is majority-owned by Binance, can now get crypto out only by emailing...
South Korean Crypto Exchange Gopax Suspends Withdrawals and Trading After Hacking Threat
Bitcoin Magazine South Korean Crypto Exchange Gopax Suspends Withdrawals and Trading After Hacking Threat South Korean cryptocurre...
Elliptic Traces $124M in Bitcoin Swaps From Binance Hack Funds
TL;DR: A November 6 update from blockchain intelligence firm Elliptic says roughly $124 million of assets stolen in the October Bi...
Solana’s October Upgrade Review Puts 200ms Slots and $5B in Tokenized Assets in Focus
TL;DR: Solana Foundation’s November 6 ecosystem review says two protocol changes went live in October: a reduction in target slot...
Amundi Puts a European Equity Fund Share Class on Ethereum
TL;DR: Amundi has launched a tokenised share class of its Core STOXX Europe 600 equity index fund on public Ethereum, working with...
Nigeria Sets New Stablecoin Licensing Rules and Capital Requirements
TL;DR: Nigeria’s central bank issued a new framework on November 5 for non-security virtual assets, with separate stablecoin licen...