Mark Lamb and Sudhu Arumugam, co-founders of crypto exchange Coinflex, have teamed up with Su Zhu and Kyle Davies, co-founders of Three Arrows Capital (3AC). To launch the new exchange, the four are working together to raise $25 million.

Rising Questions 

     It is unknown why the leadership of a FTX effected exchange would prefer to establish a new one over improving their current platform. Additionally, the partnership with the proprietors of a bankrupt cryptocurrency hedge fund like 3AC is puzzling to the crypto world. 

Suspicions

     When something suspicious begins to happen, suspicion unfolds in many layers. Analysts also feel that this is an alliance made for bankruptcy claims, and old mistakes are being brought to the fore.

Name Game

     Earlier, the new exchange was going to be named GTX, but this has been ridiculed for multiple reasons (especially being similar to FTX), so the founding team is yet to come to a conclusion on the name.