What does 3AC’s co-founder crypto wallet tell us?

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Three Arrows Capital (3AC) co-founder Su Zhu was arrested on September 29 in Singapore, whereas “failing to cooperate” with the authorities, in response to a press release from Teneo, reported by international media shops. The previous cryptocurrency hedge fund proprietor leaves behind on-chain traces inside his crypto wallet.

Within the context of Zhu’s detention, Finbold recurred to Arkham Intelligence‘s platform to grasp the present state of 3AC’s co-founder crypto holdings, to be able to perceive doable financial outcomes from this arrest, and what historical past the on-chain trails have left behind this arrestment.

Notably, Three Arrows Capital was one of many greatest corporations affected by the collapse of Terra (LUNA, now LUNC), as a result of hedge fund’s excessive publicity to Do Kwon’s mission, who reportedly had an in depth relationship with Su Zhu.

After 3AC’s chapter, Zhu and his associate Kyle Davies launched a brand new trade: OPNX. Created to help traders with their chapter claims for different fallen crypto corporations within the bear market of 2022.

Su Zhu pockets uncovered: 3AC’s co-founder crypto holdings

In keeping with Akrham researchers, the most important holdings by collated recognized addresses that belong to Su Zhu are held by 64.094 stETH tokens, for an equal of $107,200 by press time. The second largest holdings are stored in 13.238 ETH for an equal of $22,130. Different holdings are sub $50, subsequently, not related.

Su Zhu crypto wallet portfolio.
Su Zhu crypto pockets portfolio. Supply: Arkham Intelligence

The stETH token is an artificial model of Ethereum (ETH), rewarded to Lido stakers.

Apparently, though 87% of those $129,405 holdings are within the Ethereum Network, a shocking 13% are stored utilizing Coinbase’s layer-2 newly launched blockchain, Base.

Su Zhu crypto holdings by chain.
Su Zhu crypto holdings by chain. Supply: Arkham Intelligence

Furthermore, regardless of being arrested, Zhu’s recognized addresses are receiving undisclosed a number of transactions of round $50 in ETH in the previous few hours from Pal Tech’s recognized wallets.

Su Zhu known addresses data.
Su Zhu recognized addresses information. Supply: Arkham Intelligence

Additionally, by wanting on the 1,607-day information historical past, it’s doable to see that the 3AC co-founder made 62% of all his crypto deposits (often signaling an intention to promote) on Coinbase, and 15% on Binance. Nevertheless, 80% of his withdrawals (often after a purchase order was made) got here from Binance, and 14% from OKX trade.

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