Three Arrows Capital Transfers $1.4M to Wintermute and Binance

Author: Elena R

Elena R

Author

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing – accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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Sep 10, 2024 10:45

Liquidation alert! As per the latest Arkham Intelligence report, the liquidation address for Three Arrows Capital (3AC), 0xC7…3741, executed significant transactions recently. On September 9, the address transferred 2.07 million STRK, valued at approximately $856,000, to Wintermute for an over-the-counter (OTC) sale. The following day, September 10, the same address sent 1.12 million ARB, worth about $583,000, to Binance Deposit. These movements are part of the ongoing liquidation process and have drawn attention from market observers.