According to the data provided by the security company blockchain PeckShield offers, hedge fund cryptocurrency Three Arrows Capital (3AC) transferred tens of millions of dollars in USDT and USDC to the exchange KuCoin.
The recent transfers come just days after 3AC filed for bankruptcy protection in the United States.
The hedge fund was recently reprimanded by the Monetary Authority of Singapore (MAS) for providing false information about the company's assets. 3AC is also accused of failing to notify MAS of changes in its share ownership position.
One of the hedge funds cryptocurrency The most prominent, whose assets were worth more than $10 billion under management at its peak, ended up being one of the biggest victims of the bear market.
On June 29, a court in the British Virgin Islands ordered the liquidation of 3AC.
Hedge funds hit hard by ecosystem collapse Terra and the overall market plunge that followed.