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<h3 id="strong-a-href-https-coinmarketcap-com-alexandria-article-much-nerve-3ac-founders-who-bankrupted-crypto-lenders-raising-25m-for-distressed-debt-exchange-target-_blank-much-nerve-3ac-co-founders-plan-new-business-a-strong"><strong><a href="https://coinmarketcap.com/alexandria/article/much-nerve-3ac-founders-who-bankrupted-crypto-lenders-raising-25m-for-distressed-debt-exchange" target="_blank">Much nerve! 3AC co-founders plan new business</a> 😑</strong></h3>
<p>Three Arrows Capital was one of the biggest crypto bankruptcies of 2022 — dragging several lenders down with it. <strong>But now, the doomed hedge fund's co-founders are plotting a comeback. </strong>Kyle Davies and Zhu Su want to start a new crypto exchange that's called — wait for it — GTX. <strong>The platform would focus on helping people who are owed money by bankrupt companies. </strong>They would be able to transfer their claims to the platform, and in return, get immediate credit through a token called USDG. <strong>Their plans have gone down very badly in crypto circles. </strong>Castle Island Ventures founding partner Nic Carter compared the duo to "arsonists returning to the scene of the crime and hawking buckets of water to their victims."</p>
<h3 id="strong-a-href-https-coinmarketcap-com-alexandria-article-anthony-scaramucci-backs-ex-president-of-ftx-us-in-new-crypto-venture-target-_blank-ex-ftx-us-president-gets-investor-for-his-startup-a-strong"><strong><a href="https://coinmarketcap.com/alexandria/article/anthony-scaramucci-backs-ex-president-of-ftx-us-in-new-crypto-venture" target="_blank">Ex-FTX US president gets investor for his startup</a> 💰</strong></h3>
<p>After suffering reputational damage from his association with Sam Bankman-Fried, former FTX US president Brett Harrison has landed a big investor for his new startup. <strong>SkyBridge Capital's Anthony Scaramucci has confirmed he'll be backing the crypto software business with his own funds. </strong>Scaramucci was also badly burned by FTX's collapse. Months before the exchange went bust, FTX Ventures had snapped up a <strong>30% </strong>stake in his business. <strong>Speaking in Davos, Scaramucci said he considered SBF as a friend — and felt close to him and his family. </strong>He added: "I have to tell you that the betrayal and fraud — it's bad on a lot of different levels. It certainly hurt me reputationally."</p>
<h3 id="strong-a-href-https-coinmarketcap-com-alexandria-article-crypto-investor-gives-boris-johnson-1-2m-the-u-k-s-biggest-political-donation-ever-target-_blank-crypto-investor-donates-1-2m-to-boris-johnson-a-strong"><strong><a href="https://coinmarketcap.com/alexandria/article/crypto-investor-gives-boris-johnson-1-2m-the-u-k-s-biggest-political-donation-ever" target="_blank">Crypto investor donates $1.2m to Boris Johnson</a> 😱</strong></h3>
<p>Former U.K. Prime Minister Boris Johnson just received a <strong>$1.2 million</strong> political donation from a crypto investor. <strong>The cash was from Chrisopher Harborne, who was reportedly a shareholder in the parent company of Bitfinex and Tether. </strong>According to a Sky News producer, it's the largest-ever donation to a politician in British history — <strong>six </strong>times higher than the previous record. <strong>Last February, Harborne also donated more than $600,000 to the Conservative Party — two months before it unveiled ambitions to make the U.K. a global cryptoasset hub. </strong>A rival politician said: "Instead of protecting the public by properly regulating the crypto market, it appears the Conservatives have been looking after the interests of their wealthy donors."</p>
<h3 id="strong-a-href-https-coinmarketcap-com-alexandria-article-solana-surges-60-overcoming-sbf-connection-and-2022-s-outages-target-_blank-solana-surges-60-and-shrugs-off-sbf-a-strong"><strong><a href="https://coinmarketcap.com/alexandria/article/solana-surges-60-overcoming-sbf-connection-and-2022-s-outages" target="_blank">Solana surges 60% and shrugs off SBF</a> 📈</strong></h3>
<p>Crushed late last year by its close association with disgraced FTX CEO Sam Bankman-Fried, the Solana blockchain has staged a roaring comeback — rising <strong>60% </strong>over the last week and nearly <strong>300%</strong> in the past three weeks. <strong>Solana's native SOL token hit $24.75 this week, briefly pushing its market capitalization past competing Ethereum-killer blockchain Polygon’s MATIC to enter the top 10. </strong>That's up from a seven-day low of <strong>$15.37</strong> and 30-day low of<strong> $8.14</strong> on Dec. 29. It closed out the year down almost <strong>95%</strong>. <strong>Bankman-Fried was a strong supporter of the Solana ecosystem, and had backed it heavily. </strong>To make matters worse, its treasury was rich with SBF stock and tokens that have now plummeted in value.</p>
<h3 id="strong-a-href-https-coinmarketcap-com-alexandria-article-north-korean-hackers-move-63m-stolen-from-horizon-bridge-target-_blank-hacked-horizon-bridge-funds-are-on-the-move-a-strong"><strong><a href="https://coinmarketcap.com/alexandria/article/north-korean-hackers-move-63m-stolen-from-horizon-bridge" target="_blank">Hacked Horizon Bridge funds are on the move</a> 🚨</strong></h3>
<p>Funds stolen in last year's Horizon Bridge attack are on the move. <strong>North Korean hackers appear to have funneled about two-thirds of the $100 million stolen through a smart contract called Railgun. </strong>The project's been billed as an alternative to coin mixers that makes transactions fully invisible. <strong>Binance's CEO, CZ, says his security team have been able to seize $2.5 million in stolen crypto. </strong>Horizon was hacked back in June after the Lazarus Group managed to steal passwords belonging to validators. About <strong>65,000</strong> wallets were robbed. <strong>Reports have long suggested that North Korea is using stolen crypto to sidestep economic sanctions and fund its nuclear weapons program.</strong></p>

CoinMarketCap News, Jan 17: Three Arrows Capital Execs Face Backlash over Comeback Plan

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