CoinFLEX said that it will not bear the name GTX after the project received intense mockery on social media due to its name resembling the now-defunct FTX.

Social media, however, went irate after reports of Zhu and Davies' pitch deck suggested they planned to name their exchange GTX, resembling FTX — the name of the exchange founded by Sam Bankman-Fried — "because G comes after F."

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