- The crypto hedge fund owed $3.5 billion to 27 crypto companies at the time of its bankruptcy
- Restructuring firm Teneo says “inappropriate to comment” on speculation surrounding 3AC’s transactions
Cryptocurrency hedge fund Tolu auupega laumua (3AC) declared gaumativa two months ago, but it’s still executing relatively hefty transactions.
O fa'amaumauga i luga ole filifili o lo'o fa'aalia a atotupe identified by on-chain analytics firm Nansen as belonging to 3AC withdrew a total of $45 million from deposits previously staked on Curve Finance and Convex Finance.
More specifically, the wallet removed about 20,945 staked ether ($33.3 million) from Curve. From Convex, it retrieved 2,421 wrapped ether ($4 million), 202.7 wrapped bitcoin ($4 million) and 4 million USDT, according to data from security firm PeckShield.
Source: https://blockworks.co/bankrupt-crypto-fund-3ac-withdraws-45m-from-curve-finance-convex/