Three Arrows Capital Founders Raised Money for New Startup: Report
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Disgraced founders of the now-bankrupt hedge fund Three Arrows Capital (3AC), Kyle Davies and Su Zhu, have succeeded to raise fresh capital for their new startup called GTX, a former BitMEX head, Arthur Hayes, wrote in a tweet, citing sources close to the matter.

Three Arrows Capital Founders Raised Money for New Startup: Report

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Hayes didn't reveal more details on funding. It is also unclear if Davies and Zhu managed to hit the $25 million funding mark they were initially targeting. Hayes added:

"Must be the beginnings of a bull market if these muppets get money less than one year after they torched $18 billion on shitcoins. I ain't mad at ya, but homeboy needs his money back lift tickets be expensive"

In January, reports said that Davies and Zhu were pitching their new startup GTX, a debt marketplace. In the meantime, advisors working to liquidate 3AC — which owes creditors over $2.8 billion — have accused Davies and Zhu of not cooperating with them. Their whereabouts remain unclear so far. Could Lose $270M Due to Three Arrows Capital

In October last year, Bloomberg revealed that the US Securities and Exchange Commission (SEC) alongside the Commodity Futures Trading Commission (CFTC) had launched a probe against the notorious hedge fund over possible violation of financial rules.

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