Disgraced crypto co-founders are looking to make money from the failings that they themselves have been associated with, says the Financial Times’ Jemima Kelly.
SHEER BRAZENNESS
Zhu and Davies are partnering with the co-founders of CoinFLEX, an exchange that filed for debt restructuring last year as it sought to recover losses of US$84 million. Their aim is to set up an exchange that allows customers to trade their crypto bankruptcy claims. After widespread mockery across the Internet, CoinFLEX has now said this was just a “placeholder” name. But whatever the new exchange is called, what they are attempting to do here is clear: Make money from the very failings that they have themselves been associated with, and which have caused financial ruin to so many.
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