A Large Crypto Market Maker Is Already Distancing Itself From New 3AC Venture

The new company is aiming to “lead the global progression towards greater financial transparency, liquidity and certainty” by initially soliciting claimants in the bankruptcies that have shaken crypto to trade their claims on GTX. These bankruptcies include BlockFi, which had lent money to 3AC and itself later went bankrupt, Celsius and FTX, according to the pitch deck.