We are heading into the next bull run 😆 

Jozhe

https://www.wsj.com/articles/founders-of-bankrupt-three-arrows-capital-plan-trading-platform-for-distressed-crypto-debt-11673889546
Zhu told the Wall Street Journal that the proposed branding’s resemblance to FTX was intended as a joke and that a real name would be finalized later this month. But many are failing to see the humor in proven scammers appearing to prey on the hopes of aggrieved customers of FTX and other frauds.

😅 bold naming - do you think it will trigger Traumatic FUD or MOON confidence?

Bobby

https://www.wsj.com/articles/founders-of-bankrupt-three-arrows-capital-plan-trading-platform-for-distressed-crypto-debt-11673889546 Zhu told the Wall Street Journal that the proposed branding’s resemblance to FTX was intended as a joke and that a real name would be finalized later this month. But many are failing to see the humor in proven scammers appearing to prey on the hopes of aggrieved customers of FTX and other frauds.

The founders of Three Arrows Capital are seeking to launch an exchange where creditors to insolvent digital-assets firms, including their own, would be able to buy and sell claims.

Founders of Bankrupt Three Arrows Capital Plan Trading Platform for Distressed Crypto Debt

Todd Smith

G ood
T his time i swear
X oxo

😜

https://twitter.com/functi0nZer0/status/1614988857723834368?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1614988857723834368%7Ctwgr%5E2a2c6fa29838d64b7301a4b6268e0f5744816a02%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.bloomberg.com%2Fnews%2Farticles%2F2023-01-17%2F3ac-founders-raising-money-for-new-crypto-exchange-called-gtx

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Sci-Fi Fans

G ood T his time i swear X oxo  😜  https://twitter.com/functi0nZer0/status/1614988857723834368?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1614988857723834368%7Ctwgr%5E2a2c6fa29838d64b7301a4b6268e0f5744816a02%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.bloomberg.com%2Fnews%2Farticles%2F2023-01-17%2F3ac-founders-raising-money-for-new-crypto-exchange-called-gtx

I can't believe they've called it (F+1)TX

They're literally laughing at you

laurence

Jerome Cody

Same here.  This puts it well -

Crypto VC firm Castle Island Ventures partner Nic Carter says the new firm "is akin to arsonists returning to the scene of the crime and offering to charge their victims for buckets of water." 

https://www.bloomberg.com/news/articles/2023-01-17/3ac-founders-raising-money-for-new-crypto-exchange-called-gtx

i was pretty open-moon-minded until slide 10.  For those with extremely short memory—clearly, the primary targets of this pitch— the founders, same as 3AC, were the ‘crypto’ hedge fund that collapsed last summer after making a seriously bad bet on Terraform Labs’ wonky tokens. The contagion from 3AC’s demise contributed to the collapses of Celsius and other firms, as well as those that were deeply impacted but have yet to acknowledge that reality by filing for bankruptcy.  Definitely a lot of FUD my from angle if considering this as an investment!

I don't see how it could help confidence 😅 maybe trigger some FUD since the same people are being able to recycle power point slides and rise capital again. But don't expect really significant impact on overall crypto sentiment from this. It's bad already 😆  

Same here.  This puts it well -  Crypto VC firm Castle Island Ventures partner Nic Carter says the new firm "is akin to arsonists returning to the scene of the crime and offering to charge their victims for buckets of water."   https://www.bloomberg.com/news/articles/2023-01-17/3ac-founders-raising-money-for-new-crypto-exchange-called-gtx

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Sam Mendoza

Given its model of repaying creditors in part using funds raised from new investors/marks, the GTX roadmap is almost like Enron’s Jeff Skilling collaborating with the ghost of Bernie Madoff on a plan to trade futures on the energy-generation potential of yogic flying. What could possibly go wrong?

Jozhe

A group of likeminded people in Crypto are talking about this.