Su Zhu and Kyle Davies, founders of the collapsed hedge fund Three Arrows Capital (3AC), reportedly Trying to get funding for the launch of the project. In collaboration with Coinflex co-founders Mark Lamb and Sudhu Arumugam, they arelooking forApproximately $25 million in funding
Called GTX, the new exchange is designed to help creditors of bankrupt exchanges such as FTX, Celsius, BlockFi and Mt.Gox claim their holdings and trade claims.
Coinflex used to stop withdrawals in June. But it resumed partial withdrawals the following month.
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