Three Arrows Capital Liquidates 15K ETH On Compound In An Hour - BitcoinEthereumNews.com
Ethereumथ्री एरो कैपिटल एक घंटे में कंपाउंड पर 15K ETH को लिक्विडेट करता है06 / 15 / 2022बिटकॉइन एथेरियम समाचार Singapore-based hedge fund Three Arrows Capital is making the crypto market crash to deepen further. The firm is liquidating its holdings to repay the debt to prevent its liquidation. A wallet allegedly linked to Three Arrows Capital has liquidated more than 15k ETH on Compound in just 1 hour. Besides this wallet, Three Arrows Capital has been liquidating holdings in its other wallets too as the Ethereum (ETH) prices continues to plummet, putting liquidation pressure on the firm. Three Arrows Capital on the Verge of Liquidation After DeFi lending protocol Celsius, Three Arrows Capital now faces insolvency risks as financial conditions continues to deteriorate due to extreme crypto market conditions. पेकशील्ड अलर्ट in a series of tweets on June 15 revealed that Three Arrows Capital has liquidated nearly 15k ETH in 5 transactions within just 1 hour. The wallet is close to a $35 million liquidation on Compound, having levered ETH position with a 1.04 health factor. The address uses USDT and USDC to repay the debt and withdraws ETH. Thereafter, Three Arrows Capital converts ETH to USDT or USDC on Uniswap V3 and repays the debt