In a matter of hours, several wallets have made significant gains from the token $3AC, with profits exceeding $60,000 per wallet. Many of these wallets were recently created and have already offloaded most of their holdings, capitalizing on the rapid price surge. $3AC: Top 1 in Tokens Accumulated by Smart Money In less than 12 hours, many wallets made significant profits from $3AC, with over $60k per wallet. Most of these were fresh wallets and have nearly sold all their tokens now. Moreover, according to @bubblemaps, ‘80% of the… pic.twitter.com/fJGIzdLAN1 — iCrypto | Sentiment & On-chain Analysis (@iCryptoAI) September

The post $3AC Sees Massive Accumulation By Smart Money, Profits Soar In Hours appeared first on The Merkle News.

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3AC liquidators alleged that Terraform Labs misled the Singaporean hedge fund about the stability of tokens in the Terra ecosystem.

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Arkham data shows that a wallet belonging to failed hedge fund 3AC spent $59,000 on the Neon Village NFT from artist Seerlight.

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The OX token hit a price high not seen since co-founder Su Zhu was arrested in late September.

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CoinFLEX creditors claim former CEO Mark Lamb and the OPNX exchange “misappropriated” their assets in a court filing.

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Sources claim that 3AC co-founder Kyle Davies has been based in Bali for months as he continues to evade Singaporean authorities over the collapse of his failed hedge fund.

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Kyle Davies’ and Su Zhu’s OPNX exchange acquired a Lithuania virtual asset license to offer spot trading in the EU.

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BlockFi announced that it is allowing both U.S. and international users to submit withdrawal requests.

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The 3AC co-founder purchased the Singaporean bungalow in March 2022, shortly before the hedge fund collapsed.

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Three Arrows Capital founders Kyle Davies and Zhu Su are barred from regulated activities or acting as top execs at any financial firm in Singapore.

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