According to the most up-to-date on-chain information, a portfolio of Three Arrows Capital (an investment fund that has not too long ago suffered from a liquidity crisis) has withdrawn $ 33 million of stETH from the Curve pool.
Previously, this Singapore-based mostly investment fund filed for bankruptcy in July 2022. According to statistics, 3AC withdrew 200 BTC, four million USDT and around four million USD of WETH from Convex (the incentive platform to develop liquidity for Curve Finance).
From Nansen’s information, a wallet marked as belonging to 3AC has been inactive ten days because it discarded $ 9 million stETH.
@ 3arrowscap in motion. $ 33 million stETH eliminated from Curve. pic.twitter.com/tDKxlOAFc
– Ouroboros Capital (@ 0xroborosCap) September 6, 2022
Three Arrows Capital is 1 of the corporations beneath significant liquidity stress due to the existing downtrend in the industry. According to a one,157-webpage court filing, the fund owed a complete of $ two.eight billion.
>> See also: A appear back at the timeline of the “catastrophe” referred to as Three Arrows Capital
So far 3AC has not commented on the most up-to-date information.
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