Ethereum wallet thought to belong to Su Zhu moves nearly $30k

A wallet allegedly belonging to Three Arrows Capital (3AC) co-founder Su Zhu has moved funds for the archetypal clip since his apprehension months ago.

Etherscan records displayed several incoming and outgoing ERC-20 token transactions to and from an code labeled suzhu.eth connected Nov. 29.

One outgoing transaction progressive 3.75 cardinal Gearbox (GEAR) tokens worthy nether $30,000. Suzhu.eth moved those funds into a decentralized speech called CoW Protocol conscionable minutes aft it received those aforesaid tokens.

In different outgoing transaction, suzhu.eth moved 1 cardinal of an ERC-20 token named SUZHU into Uniswap V2. Though the SUZHU token has zero worth based connected Etherscan data, Uniswap data reported $6,274 successful measurement for the ETH-SUZHU brace implicit the 24-hour play ending astatine 11:00 PM UTC connected Nov. 29.

Several different incoming transactions besides originated mostly but not wholly from Uniswap. Unlike the outgoing transactions, those incoming transactions would not person required authorized entree to Su Zhu’s wallet.

No different outgoing funds since arrest

Until now, the astir caller outgoing transactions involving Su Zhu’s wallet took spot connected oregon earlier Sept. 21, days anterior to his arrest connected Sept. 29 successful Singapore.

At that time, Su Zhu was sentenced to 4 months successful prison. It does not look that Su Zhu has been convicted of immoderate crime. Instead, Three Arrows Capital’s liquidator, Teneo, reportedly obtained a committal bid aft Su Zhu failed to cooperate, allowing constabulary to apprehension and imprison the executive.

Uncertainty astir Su Zhu’s existent concern means that it is unclear whether the transactions are suspicious. It is imaginable that Su Zhu is nary longer successful prison, has net entree successful prison, has permitted different idiosyncratic to entree his wallet, oregon has surrendered power of the wallet pursuing his arrest. He whitethorn besides person arranged for DeFi platforms to automatically entree his wallet.

Though it does not look that Su Zhu has admitted to owning the wallet, information from Arkham Intelligence indicates that the wallet belongs to Su Zhu.

The station Ethereum wallet thought to beryllium to Su Zhu moves astir $30k appeared archetypal connected CryptoSlate.