Bankruptcy & Restructuring News Headlines for Tuesday Jan 17, 2023

Here's what we are reading this morning:

Founders of Bankrupt Three Arrows Capital Plan Trading Platform for Distressed Crypto Debt - WSJ: The founders of Three Arrows Capital are seeking to launch an exchange where creditors to insolvent digital-assets firms, including their own, would be able to buy and sell claims.

A Large Crypto Market Maker Is Already Distancing Itself From New 3AC Venture: GTX is planning to charge 0.25%-0.50% in fees and estimates time-to-market is "ASAP by end of February." Once the claims trading has drawn people in, GTX said it will "fill the power vacuum left by FTX" by allowing its users to trade crypto, and eventually stocks, the pitch deck said.

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