Ethereum Move from Terra Altcoin Supporter Three Arrow Capital

Three Arrows Capital company, known for supporting Terra (LUNA), has sent 10 thousand Ethereum (ETH) to FTX, according to Etherscan data.

According to the analysis of Etherscan, a platform for Ethereum (ETH) transactions, an address stated to belong to the hedge fund Three Arrows Capital has sent 10,000 Ethereum (ETH) to FTX, one of the world's largest cryptocurrency exchanges. Su Zhu, CEO of Three Arrow Capital, promoted the use of yield farming protocol Anchor by supporting the Terra ecosystem. Three Arrow Capital's Terra altcoin support remains popular. Su Zhu, CEO of Three Arrows Capital, who recorded the evaluations of Terra altcoin, which shocked the market with its collapse last week, has broken his silence on the collapse of stablecoin TerraUSD (UST) and the Luna ecosystem it supports. "It's been an incredible week and the right words are hard to find," he wrote on Twitter Friday, after the algorithmic stablecoin UST at the core of the Terra Blockchain lost par with the US dollar this week. Zhu acknowledged that something went wrong. He added that critics have flagged potential risks and should move more slowly in hopes of making the ecosystem safer.