$33 Million Worth of Staked ETH Removed from Curve by Three Arrows Capital Wallet PlatoBlockchain Data Intelligence. Vertical Search. Ai.

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

Time Stamp: September 6, 2022 10:44 AM

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.
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