3AC Portemonnaie verännert iwwer $ 20M an ETH, Stablecoins an de leschte 6 Deeg, fërdert Rumeuren iwwer Revival Versuch

Transactions on the Three Arrows Capital (3AC) wallet have been revitalized as funds began to move again in its main wallet.

Large movements of Ethereum (ETH), USDT, and USDC can be seen in the image above, transacting between Nov. 9 and Nov. 11. A total of over $20 million in the three crypto assets was moved through OKX and CowSwap during the six-day period.

Mike Dudas, founder of 6th Man Ventures and The Block, voiced concerns over the reappearance of the 3AC founders, explaining the likely ploy to raise new funds.

btw, if you’re wondering why su zhu and kyle davies suddenly reappeared on the scene trying to whitewash their fraudulent past, it’s because they’re allegedly trying to raise a new fund

wat eng Welt

— Mike Dudas (⛳️,🏆) (@mdudas) November 15, 2022

Founders of the Singapore-based hedge fund — Kyle Davies an Su Zhu — have already had negative press earlier this year regarding their hand in the mass-liquidation of assets across multiple high-profile crypto companies.

At press time, 80% of the assets in the main 3AC wallet are stablecoins — DAI, USDC, and USDT.

Journalist bei CryptoSlate

De Josh huet fir e Jorzéngt geschriwwen an ass passionéiert iwwer d'Mainstream Krypto Adoptioun, déi positiv finanziell Ännerung fir d'Massen duerch Krypto an dezentraliséiert Finanzen als Ganzt bréngt.