Three Arrows Capital sends $37 million worth of Ethereum on FTX amid asset's correction on the market
and then actively trading it, has deposited large sums on FTX centralized exchange as the asset continues to lose value on the crypto market.The transaction was made five hours before press time. The sender wallet currently holds $47 million worth of
while holding $84 million before the large transaction. Large transactions were previously made with the help of various stablecoins like USDC, USDT and others.It is not yet clear whether assets were sold imminently on FTX or are currently being held on the hot wallets of the exchange. But since the fund could simply store assets on a cold wallet, the transacted funds will most likely be realized on the market.
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