Defunct Crypto Hedge Fund Three Arrows Capital Founders Seek $25 Million Amid New Exchange Launching Probe
A pitch deck and website report a number of screenshots have been published that claim 3 Arrows Capital co-founders, Su Zhu and Kyle Davis, are raising or attempting to raise $25 million from investors And they are reportedly looking forward to or working on starting a new exchange called GTX. Crypto hedge fund 3 Arrows Capital filed for Chapter 15 bankruptcy protection during the first week of July 2022 and it is alleged that the company’s liquidators have been dealing with two co-founders in communication with them. There was difficulty. Speaking of, Zhu and Davis have recently been served summons via Twitter. In addition, the report also indicates that Three Arrows Capital is being investigated for possible legal violations by the Securities and Exchange Commission and the Commodity Futures Trading Commission from Yuva and is being cracked down on as well. In addition to Zhu and Davis, two CoinFlex executives Mark Lamb and Sudhu Arumugam were also mentioned as offering to be part of the new team and CoinFlex, like Three Arrows Capital, was also plagued by financial issues and Last August in Seychelles I therefore filed for reorganization services and of course screenshots were shared and the founders of 3 Arrows Capital were made fun of. Both founders have been quite active on social media recently but have not addressed recent speculation about starting a new crypto exchange named GTX and as of writing have not officially confirmed that 3 Arrows The capital pair may or may not be considering launching a new crypto exchange. The founders of 3 Arrows Capital, which are now virtually defunct and shut down, are now trying to make a new bet and for which they are also seeking funds and their entire focus and planning is to launch another exchange. To do and return to business so that the services can be resumed and with that the company can repeat its successful performance on various parameters but all the conditions are still anonymous.
