Three Arrows Capital Founders Launch Exchange Where You Can Trade 3AC Bankruptcy Claims

Zhu Su and Kyle Davies, the founders of failed crypto hedge fund Three Arrows Capital (3AC), have teamed with the co-founders of crypto exchange CoinFlex on the creation of Open Exchange, touting it as the "world's first public market place for crypto claims trading and derivatives."

Noting a $20 billion market of claimants "desperately searching" for resolution to money lost at bankrupt crypto firms like FTX, Voyager, Celsius, Genesis, BlockFi, Mt. Gox and 3AC, Open Exchange promises the ability to monetize claims by providing a marketplace for their trading.

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