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Fortune
Fortune
Jeff John Roberts

Seriously? The 3AC hedge fund bros are raising $25M for a new crypto exchange

3AC for new GTX Kyle Davies venture

Are you a high risk investor looking to bet on fugitives with a high profile bankruptcy under their belt? Well, a proposed new crypto exchange named GTX might be the thing for you.

The Block reported on Monday that Su Zhu and Kyle Davies, who founded crypto hedge fund Three Arrows Capital (3AC), are circulating a slide deck to potential investors that describes a new exchange that would let creditors buy and sell claims on bankrupt crypto companies—including 3AC.

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