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Three Arrows Capital removes $33 MLN worth staked ETH from wallet

Nishit Jogi by Nishit Jogi
September 7, 2022
in News
Reading Time: 1 min read
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Home » News » Three Arrows Capital removes $33 MLN worth staked ETH from wallet

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As per the data from on-chain, a wallet under crypto investment firm Three Arrows capital offloaded about $33 million worth of Staked ETH  from the Curve Pool. Three arrows capital filed for bankruptcy in July this year and has been liquidating various assets since then to provide money to creditors. The firm also offloaded 200 BTC, $4 million in Ether, and $4 million of wrapped ETH in liquidity from the Convex platform. The offloading mostly happened in the Curve pool which is a smart contract that allows exchanging two or more tokens and pairing of stablecoins. 

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