Su Zhu and Kyle Davies are seeking to raise about $25m for a crypto exchange called GTX that will focus on trading in crypto claims, according to a pitch deck for the proposed business seen by Bloomberg News. They’re teaming up with the founders of CoinFLEX, a digital-asset exchange that filed for restructuring in the Seychelles in August.
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Founders of bankrupt crypto hedge fund 3AC mocked after pitching new venture
Zhu and Davies’ proposed venture “is akin to arsonists returning to the scene of the crime and offering to charge their victims for buckets of water,” Nic Carter, a partner at crypto venture capital firm Castle Island Ventures, said in an email.
