Former cryptocurrency hedge fund Amid scrutiny, the founders of Three Arrows Capital are seeking $25 million to launch a new exchange

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In order to launch a new cryptocurrency exchange dubbed GTX, the owners of the now-defunct crypto hedge fund Three Arrows Capital (3AC) are reportedly looking to raise $25 million from investors. A subpoena issued to Su Zhu and Kyle Davies, co-founders of 3AC, over their use of the social media site Twitter led to their request for further funding.

Pitch Deck Displays Co-Founders of Three Arrows Capital Seeking New Investment for GTX Crypto Exchange

According to many reports and pictures of a purported pitch deck and website, Su Zhu and Kyle Davies, the two co-founders of 3AC, are reportedly looking to raise $25 million from investors.

They purportedly intend to launch GTX, a new exchange. In the first week of July 2023, the cryptocurrency hedge fund Three Arrows Capital filed for Chapter 15 bankruptcy protection.

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