TechFlow news — Danny, trading head at 8BlocksCapital, cited a tweet from Zhu Su, co-founder of Three Arrows Capital (3AC), saying, "We were using a 3AC trading account for trading. This morning they took about $1 million from our account. Hope they return it to us soon." Three Arrows Capital has not yet responded to this matter.
According to previous reports, Zhu Su, co-founder of Three Arrows Capital, tweeted that they are communicating with relevant parties and are committed to resolving the issues. Earlier market rumors suggested that Three Arrows Capital might be facing operational and solvency problems due to market volatility. Yesterday, Three Arrows Capital swapped 17,780 stETH for 16,625 ETH, converting all into nearly 20 million DAI.
