Thursday , December 8 2022
Home / Bitcoin (BTC) / $33 Million Worth of Staked ETH Removed from Curve by Three Arrows Capital Wallet

$33 Million Worth of Staked ETH Removed from Curve by Three Arrows Capital Wallet

Summary:
For the first time in roughly 10 days, one of the wallets associated with the troubled cryptocurrency hedge fund, Three Arrows Capital, has moved some funds. On-chain data reveals that the address removed million worth of stETH (staked ETH) from the Curve liquidity pool, alongside roughly million worth of BTC. Data from Etherscan reveals that an address associated with Three Arrows Capital has removed some million (20,945 stETH) from the Curve Liquidity Farming Pool contract. The transaction can be tracked here. The address (ending in 58143) also removed 202 wrapped BTC (WBTC) worth about million in liquidity. There doesn’t seem to be any reasoning behind the move. It’s worth noting, though, that the latest developments with Three Arrows Capital took place at

Topics:
George Georgiev considers the following as important:

This could be interesting, too:

Andrew Throuvalas writes Senator Lummis Now Believes Ether is a Security

Chayanika Deka writes 3AC Co-Founders Su Zhu, Kyle Davies Subpoenaed in Bankruptcy Case

Andrew Throuvalas writes Genesis Withdrawal Freeze Has No Imminent Solutions, Says Interim CEO

Andrew Throuvalas writes Binance’s Bitcoin Reserves Are 101% Backed, Confirms Auditor

For the first time in roughly 10 days, one of the wallets associated with the troubled cryptocurrency hedge fund, Three Arrows Capital, has moved some funds.

On-chain data reveals that the address removed $33 million worth of stETH (staked ETH) from the Curve liquidity pool, alongside roughly $2 million worth of BTC.

  • Data from Etherscan reveals that an address associated with Three Arrows Capital has removed some $33 million (20,945 stETH) from the Curve Liquidity Farming Pool contract.
  • The transaction can be tracked here.
  • The address (ending in 58143) also removed 202 wrapped BTC (WBTC) worth about $4 million in liquidity.
  • There doesn’t seem to be any reasoning behind the move.
  • It’s worth noting, though, that the latest developments with Three Arrows Capital took place at the end of August.
  • Back then, Teneo – the liquidator of 3AC – received approval to probe the financial records of the company in Singapore.

You Might Also Like:

Leave a Reply

Your email address will not be published. Required fields are marked *