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

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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