3AC Liquidator Transfers $2.63M of STRK to Binance
CryptoNewsTerminal Staff25 May, 2024
3AC Liquidator Transfers $2.63M of STRK to Binance
Teneo, the liquidator for bankrupt crypto hedge fund Three Arrows Capital (3AC), has transferred $2.63 million worth of STRK to Binance over the past three days, according to on-chain data analytics platform Spot On Chain. Teneo currently holds $157 million worth of STRK on behalf of 3AC, making it the second-largest address holding the token outside of the StarkNet team and exchange addresses. The price of STRK fell by about 6% after Ethereum (ETH) co-founder Vitalik Buterin claimed $1.07 million worth of STRK the day before.
