The fugitive co-founder of the defunct Three Arrows Capital (3AC) crypto hedge fund, Su Zhu, joined forces with CoinFlex in plans to run a new cryptocurrency exchange, GTX. Su Zhu will accompany two CoinFlex co-founders – Mark Lamb and Sudhu Arumugam.
Su Zhu, half the 3AC founding duo, is wanted by police and fled 3AC’s Singapore Office days after declaring bankruptcy. While court-appointed liquidators Teneo are on a global chase for the fugitive, the embattled crypto entrepreneur is jumping into a new venture with his new partners. Furthermore, the brand-new crypto exchange tends to take 0.25%-0.50% commission fees. It already has a potential launch date of the end of February 2023.
Calling GTX – (a partnership between the now-bankrupt 3AC and currently restructuring CoinFLEX) – “battle tested” is a pretty bold marketing strategy. pic.twitter.com/tndWGsQumx
— Journalistbrah (@thecryptojourno) January 17, 2023
GTX to Trade Debt Claims on FTX?
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