Co-founders of a bankrupt crypto business seek millions to fund a new ‘GTX’ exchange

Illustration by Alex Castro / The Verge

The co-founders of the failed Three Arrows Capital (3AC) cryptocurrency hedge fund want $25 million to start up a proposed exchange, as reported earlier by The Block and Bloomberg. It will be called “GTX” — according to its leaked pitch deck — “because G comes after F,” and FTX, the once-huge exchange, is now bankrupt.

But

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