Biggest ‘stETH’ Pool Almost Empty, Complicating Exit for Would-Be Sellers

Amber, a crypto investment platform, pulled out $160 million within days in early June, according to the Kaiko report. Alameda Research, a digital asset trading firm, sold $88 million in stETH. Three Arrows Capital, the hedge fund that faces a potential insolvency, redeemed about 400,000 ETH and stETH tokens from the protocol in May.