executives including the firm’s general counsel and chief technology officer, per one of the decks.technology to build the exchange and a legal team will be responsible for overseeing the onboarding of claims for all the recent crypto bankruptciesLamb declined to comment on the fundraising efforts. Davies didn't immediately respond to a request for comment.
The exchange is looking to launch as soon as possible — potentially as soon as February — and is estimating that the claims market is worth around $20 billion, according to theof the Terra ecosystem left it facing significant losses. The financial advisory firm Teneo has been handling the liquidation of 3AC’s assets and the hedge fund has filed for Chapter 15 bankruptcy in New York.
In December, the court authorized issuance of subpoenas to Zhu and Davies to turn over any"recorded information, including books, documents, records, and papers" relating to Three Arrows Capital's property or finances.Zhu and Davies both went quiet for some time after the hedge fund’s collapse but both since resurfaced on social media as of late. They are believed to be in Dubai and Bali, respectively.
Disclaimer: Beginning in 2021, Michael McCaffrey, the former CEO and majority owner of The Block, took a series of loans from founder and former FTX and Alameda CEO Sam Bankman-Fried. McCaffrey resigned from the company in December 2022 after failing to disclose those transactions.© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
SECGov this is deliberate mockery!! Zhu & Kyle Davis should be in handcuffs, but they have the ball$$ to want to raise more capital for another credit disaster. We live in a 🤡 world
Why people believe to them
This is not a joke sadly
MABX make it all back exchange
😄🤣 they gonna 'make it all back in one trade'?
Why zhusu not in prison?
Ok… so zero liability from past endeavour?
they should be comedians
No, just no. Please make it stop.
$25 million is dust, Buckle up !
LoL
Lol
🤣🤣🤣
Just going to leave this here... coffeebreak_YT
Good Trader Xchange?
Shit show. A world of incompetence and a few free rider abusing it and the ignorant crowd. How easy life would be to choose that dark path.
Can they manage this from prison?
They should call it ZTX or Zhu Gox
If we put zhusu in the same jail cell as SBF_FTX, think what they could achieve! Stick cz_binance in there as well for good measure.
Imagine the smell
Imagine putting this in your deck, went bust in 2022, new year new me! send us funds lolllllll
Lmao who would trust these scumbags?
only in crypto
Still not sure how the block missed the ftx scandal …. Oh wait… the CEO?
Next payment due
ZhUpERcYcLe Steady lads!
LOL
Yeah, I wish I was that brave
zhusu stop trolling bro
The team already has commitments from several Nigerian princes
if ur a 🤡 you might wanna join the scammers
Why aren‘t these guys getting bugged in prison?
They should be in jail
PirateDavide
smh, these 4 guys don't have $25 m between them? so they're terrible investors...and even worse at rugging
sick exclusive. when does the TheScoopPod interview/pony show drop?
hendry_hugh writes_sweeney ok lads, ready for sequel part III say..q4 ‘23 😉
They are smart guys and have surely learned from their mistakes 😁
Interesting. If a claim is awarded, will the token holders get a portion of the claim in exchange for selling back the token to be burned?
GenesysGo jfc
founders have a history of rugging their investors and not paying back debt, in addition to lying, being deceitful, not holding themselves accountable. what's the worst that could happen here?
I guess the bull market is back.
For bankrupts by bankrupts
DOJCivil DOJCrimDiv Damien Williams?
lol
They should go and. . .
'they learnt their lesson...'
Ahaha 😂 they want to make FTX V2.0
The scammers won’t just leave.
Wen jail?
💀
2024: Ex-FTX and Ex-GTX founders team up to launch crypto exchange HTX.
Who in their right minds will even CONSIDER getting involved in any way whatsoever? 😱
Aside from the individuals involved which should make anyone skeptical of this What value gets provided by creating yet another exchange for the user?
what
Su and Kyle reading the FTX reports just seeing the genius business model.
GTX Go To Jail
Don’t miss out on the fact that mark lamb is also a scammer who stopped withdrawals on his high yield garbage
Lol
No... No... Stop... here we go again!
I’ve been looking for a safe place to put my families life savings. Cant wait
No matter what everyone says, I'm pretty sure they'll get filled up really quickly lol
Yeah, let's give money to people who are very likely still running from authorities in some countries.
Maybe you can do an internship there, how to learn how to steal from people
lmao, yeah let's give these guys even more money. 😅
Not falling for that again
Crooks like FTX and now these guys get free publicity via while honest players like quadency has to pay to advertise
how about NoTweetsFromFugitives & NoFundsForFugitives
ercwl did you predict something like this?
liron web3isgreat davidgerard
Kevin O’Leary is in (?) 😂🫡
BREAKING: will never learn
soooo a donation to Zhu and Davies? Got it
The irony behind this is that we laughing and they still will get the 25m.
Stop promoting them. This does not have to be news.
you're asking for it if you trust these guys again. Polygon has so much DeFi with barely any gas. There is absolutely no reason to use a CEX. Especially not one found by these guys.
He senses the super cycle is back
2023 will be fun 😅
haha!
depositing my life savings
Casino
zhusu rn
If you put money in this you kind of deserve to lose it all
this clown market shows you as long as you have no shame you can continue to chase your dreams
GTX is where you think you're buying BTC but they actually give you GBTC
lawmaster Sbf v2
Someone needs to fund Zhu‘s lifestyle in Dubai …
lawmaster Sounds like a great exchange to deposit some tokens to
hard pass
lawmaster A scam... within a scam.
GTX future of FTX traders? This pretty surely is some kind of joke. They'll get arrested soon enough
'for traders by traders'
slow..
Dogetoshi inversebrah
Who would have thought!
Scammers gon scam
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