TechFlow, on June 30, according to on-chain analyst Ai Aunt (@ai9684xtpa), Teneo, the liquidator of Three Arrows Capital, transferred 1.5 million VIRTUAL tokens (approximately $2.42 million) in two transactions to Binance today. Data from Arkham indicates the deposit address is likely linked to Paradigm, a crypto investment firm.
This batch of VIRTUAL tokens originated from DeFiance Capital, a DeFi-focused sub-fund under Three Arrows Capital that operates independently but remains part of its corporate structure.
Notably, DeFiance Capital was involved in a $140 million dispute with Teneo in August 2023, centering on whether DeFiance's assets should be treated as part of Three Arrows Capital’s estate for distribution to creditors.
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