Three Arrows Capital’s Teneo Recharges 1.5 Million VIRTUAL Tokens to Binance, Linked to Paradigm

On June 30, on-chain analyst Ai Yi (@ai_9684xtpa) reported a significant transaction involving Teneo, the liquidation entity managing Three Arrows Capital’s assets. Teneo transferred approximately 1.5 million VIRTUAL tokens, valued near $2.42 million, to Binance in two separate transactions executed within a three-hour window. Blockchain intelligence firm Arkham has identified the receiving address as potentially linked to Paradigm, a notable player in the crypto investment space. This movement highlights ongoing asset liquidation efforts and underscores the importance of monitoring large token flows for market impact assessment.