The cryptocurrency hedge fund Three Arrows Capital (3AC), struggling with financial difficulties, has withdrawn a total of $45 million worth of deposits from two different platforms.
An Ethereum address owned by Three Arrows Capital was discovered earlier today, according to analysis by Nansen. 20,945 staked ether (stETH) worth $33.6 million deposited in Curve Finance took it back.
Again, according to blockchain data, 3AC is within the Convex Finance platform. 2,421 wrapped ether, 202.7 wrapped bitcoin and 4 million 51 thousand 367 USDT in total, including about 12 million dollars worth of money.
These withdrawn funds are currently held at the address that withdraws the funds from Curve Finance. Total value of assets at this address 57 million dollars 21Shares, 3AC’s total on the Ethereum blockchain $86.8 million He estimates it has value.
Creditors of Three Arrows Capital in total More than $3.5 billion in debt there is. The purpose of the company’s transactions today is unknown.