Three Arrows Capital co-founders Su Zhu and Kyle Davies offered some creditors the option to convert bonds into equity in the new company

Three Arrows Capital co-founders Su Zhu and Kyle Davies offered some creditors the option to convert their claims into equity in the new company, according to minutes of a creditor meeting seen by Bloomberg. Su Zhu himself had previously filed a claim in the Three Arrows Capital bankruptcy case, and Kyle Davies' wife was named as a creditor. Three Arrows Capital founders Su Zhu and Kyle Davies plan to raise $25 million for new cryptocurrency exchange GTX, The Block reported yesterday.