3AC Bosses Eye $25 Million Funding For New Crypto Exchange GTX After FTX Crash

3AC Founders Back In The Game

The news about GTX’s pitch to investors comes months after crypto hedge fund Three Arrows Capital blew up in mid-2022. Co-Founder Su Zhu and Kyle Davies disappeared in the aftermath, with reports claiming the pair flew to Dubai. 

Both Zhu and Davies alleged that their long positions were hunted by Alameda Research. The pair also claimed that Sam Bankman-Fried’s companies played a role in 3AC’s collapse, although the disgraced FTX Founder denied the allegations

Several watchdogs including the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) started investigating 3AC and its founders for financial malpractice and defrauding investors. 

On January 5, 2023, Zhu and Davies were subpoenaed on social network Twitter as their whereabouts remain unknown to the court and liquidators. 

@zhusu and @KyleLDavies jpg copies of orders made by the Supreme Court of Singapore against Mr Zhu, Mr Davies and Three Arrows Capital Pte. Ltd. are attached to this tweet by way of service. An unredacted copy of the order was served via email and can be provided upon request. pic.twitter.com/NVFd3pUhi3

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