Is CoinFLEX looking to raise $25 million for GTX?

The pitch deck obtained by Decrypt showed that Zhu, Davies, as well as Mark Lamb and Sudhu Armugan of CoinFLEX are looking to raise $25 million for a new crypto exchange called GTX. Crypto exchange CoinFLEX filed for restructuring in Seychelles last year.

Is FTX about to sign a $25 million deal with BlockFi?

Crypto exchange FTX is close to signing a deal to purchase struggling crypto lender BlockFi for $25 million, according to a person familiar with the matter. The news was first reported by CNBC. The deal is expected to be signed by the end of the week, the person familiar with the matter told CoinDesk.

What is happening to CoinFLEX?

PRESS RELEASE. Since early August, CoinFLEX has seen a tremendous increase in trading activity, climbing to a staggering high of $3 billion USD daily trading volume with Open Interest over $200 million dollars. The increase in trading volumes and market liquidity are indications of CoinFLEX’s rapid adoption.

Are CoinFLEX's co-founders seeking funding for a new venture?

CoinFLEX users are up in arms after a pitch deck revealed that the bankrupt exchange’s co-founders were seeking funding for a new venture with none other than Su Zhu and Kyle Davies.