August 31, 2022
Three Arrows Capital Is Moving Large Amounts of Crypto Between Wallets
According to blockchain explorer OKLink, a wallet address named Three Arrows Capital has recently moved large sums of crypto for the first time since filing for bankruptcy.
As the data shows, in the last 24 hours the 3AC account has received around 10k ETH equivalent to over $16 million from numerous unknown wallets. Besides, the same address has also transferred over 1.6 million USDT to different OKX, Binance, and Huobi wallets in the last 48 hours. The current balance of the 3AC wallet is worth over $21million.
During the bankruptcy process, liquidator Teneo has been appointed by court to secure and liquidate the hedge fund’s assets in Singapore. The 3AC transactions recorded in the last couple of days are likely to be the distribution of funds to the company’s staff members.
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