PANews reported on June 30 that according to @ai_9684xtpa’s monitoring, Three Arrows Capital’s liquidator Teneo recharged 1.5 million VIRTUAL (about 2.42 million US dollars) into Binance through two transfers 3 hours ago. Arkham marked the recharge address as suspected to belong to Paradigm.

This part of VIRTUAL was transferred by DeFiance Capital 2 weeks ago. The fund is a DeFi sub-fund under Three Arrows Capital. It is an asset that operates independently of Three Arrows Capital but is part of its corporate structure. In August 2023, DeFiance Capital had a $140 million dispute with Teneo, discussing whether DeFiance assets should be held as part of Three Arrows' property and distributed to creditors.