Three Arrows Capital Liquidator Deposits 1.5 Million VIRTUAL Tokens Worth $2.42M into Binance

Teneo, appointed as the liquidator for the collapsed hedge fund Three Arrows Capital, has executed a significant transaction by depositing 1.5 million VIRTUAL tokens into Binance. This transfer followed two separate transactions, cumulatively valued at approximately 2.42 million US dollars. The movement of these assets onto one of the world’s largest cryptocurrency exchanges underscores ongoing efforts to manage and liquidate Three Arrows Capital’s remaining portfolio. Market participants are closely monitoring such developments, as they reflect the broader impact of the firm’s insolvency on crypto asset flows and exchange liquidity. This transaction highlights the critical role of liquidators in stabilizing distressed crypto entities and ensuring orderly asset redistribution within the digital finance ecosystem.

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