CoinFLEX: Hope to develop business through "GTX", the funds raised will increase the equity value of shareholders and creditors

Cryptocurrency exchange CoinFLEX issued a document in response to questions about the proposed "GTX Exchange", stating that its CEO Mark Lamb and executive Sudhu Armugan will continue to serve, hoping to establish and develop the business through the new exchange entity, "We can integrate CoinFLEX rebranded, will not use GTX". Additionally CoinFLEX creditors/Series B funding will be the largest class of shareholders, we are also discussing other benefits, any funds raised will be used to increase the company and its equity value to shareholders (including creditors). CoinFLEX attempts to create and offer products such as the proposed exchange that will be able to provide liquidity avenues that current crypto creditors lack on many different platforms and bring new volumes to the exchange through crypto trading, still considering additions Other asset classes such as stocks and bonds. Three Arrows Capital founders Su Zhu and Kyle Davies, along with CoinFLEX’s Mark Lamb and Sudhu Armugan, are planning to raise $25 million for new cryptocurrency exchange GTX, Foresight News reported last night.