Recall the recent collapse of Three Arrow Capital, which led to multi-million users has been digested. As stated by the blockchain analytic firm, Narsen, the brain behind the collapse of Three Arrow Capital has been revealed.
As stated by Narsen, its attention was directed towards whales, Mirana because the company’s website listed some familiar names as investments.
Mirana Corp address:
(0x738505fa491c972a196582176685fc790d2bdda5) was included in the list of jilted 3AC creditors.
The address, which belongs to Mirana Ventures, lost $13 million in the unfortunate 3AC collapse.
Mirana once filed legal proceedings against 3AC in a Singapore Court due to its loss. Although Mirana’s website looks scanty for the blockchain analytic company, Narsen was able able to digest everything about the company’s network.
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The blockchain data keeps recording massive flow out of Ethereum of the address while Mirana’s current balance seems low. The top recipient of Miranda‘s outgoing fund is a big DEX trader who has received above 61k ETH and 10 million in stablecoin since the inception of the address.
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It is good to know, that the weighty DEX counterparties here are not ironclad, but it is pretty near – hundreds of millions in ETH and stables flowed between these addresses without any clear “swaps,” indicating it’s not OTC activity or similar,” Nansen stated in its report, adding:
“I think it’s a fair guess that all three are owned by Mirana and that many of the other counterparties are worth a look as well to get a clearer picture of their holdings, which I’d estimate are worth at least half a billion.”
3AC CEO Surface After 5 Weeks of Hiding
The co-founders of the Three Arrows Capital, Su Zhu and Kyle Davies, surface again after five weeks of hiding. They made it known in the interview with Bloomberg that the reason for hiding was nothing but the threats from various corners succeeded the challenge their firm experienced in early July which later bankrupted the creditors and destroy the selloff that foisted steep losses on mom-and-pop owners of Bitcoin and other tokens.
The two founders were talking in an unknown location, analyzing the failure they got and they could trace it to their overconfident. As stated by the Advisers in charge of liquidating reported on July 8th how the two founders hadn’t been communicating with them while their location was unknown.