3AC Liquidator Moves $4.9M in $VIRTUAL to Binance — Linked to Paradigm Wallet

Six hours ago, Teneo, the liquidator of Three Arrows Capital, deposited 3 million #VIRTUAL (worth approximately $4.9 million) to Binance in two separate transactions. The deposit address has been flagged by Arkham as likely belonging to Paradigm.

Interestingly, this batch of $VIRTUAL was originally transferred two weeks ago by DeFiance Capital, a DeFi sub-fund that operates independently but remains part of 3AC’s corporate structure.

Back in August 2023, DeFiance Capital was embroiled in a $140 million legal dispute with Teneo over whether its assets should be treated as part of Three Arrows’ estate for creditor distribution.

🔍 Wallet Address: 0xC7C914a5630940Db34671892189F96251EC23741