According to NFTgators, a news portal specializing in non-fungible tokens (NFTs)Three Arrows Capital, or 3AC, reportedly owns an NFT collection worth over $7.3 million, including NFTs from Bored Ape, CryptoPunks, and others.
The NFT collection includes pieces from various projects including CryptoPunks, ArtBlocksCurated, PEGZ, DeafbeefV2, Autoglyphs, ArtBlocks, MutantApeYachtClub, ChromieSquiggle, BoredApeYachtClub, and Cypher.
The news was shared by NFTgators on their page on twitterwhich was curated by Dune Analytics.
The 3AC NFTs
The following NFTs are owned by Three Arrows Capital and valued at approximately $7.36 million, according to data published by NFTGators.
- 1 Bored Ape Yacht Club worth $61k
- 2 Mutant Ape Yacht Club worth an estimated $122,600
- 11 Crypto Punks NFTs Worth $3 Million
- 330 Art Blocks curated by NFTs worth a total of $2.483 million
- 8 PEGZ NFTs worth $613k
- 4 DeafbeefV2 worth $564k
- 3 Autoglyphs worth $304k
- 7 Art Blocks NFTs worth $125k
- 7 Chromie Squiggle NFTs worth $73,780
The news is followed by Three Arrows Capital’s bankruptcy filing in New York. The bankruptcy filing was followed by the British Virgin Islands ordering the company to be wound up.
The bankruptcy of 3AC
On June 27, a lawsuit was filed for the fund. According to the report, Teneo Restructuring partners will handle the bankruptcy of the Singapore-based corporation.
On Wednesday, experts had expected the liquidation to be a turning point in the ongoing and allegedly growing collapse of the cryptocurrencies.
Recently, Three Arrows Capital also received a standard notice from Voyager Digital.
The $650 million debt, which has not been paid off, is the subject of the notice.
According to a recent Bloomberg report, Su Zhu, founder of Three Arrows Capital, is allegedly trying to sell his Singapore mansion worth $35 million.
The mansion was purchased in December 2021 by Su Zhu for $48.8 million. The house is currently under the management of a trust in the name of one of her children.
*with information from NFTgators
Follow Money Times on Linkedin!
Stay well informed, post and interact with Money times on Linkedin. In addition to staying on top of the main news, you have exclusive content about careers, participate in polls, understand the market and how to be ahead in your work. But that’s not all: you open new connections and find people who are a good addition to your network. No matter your profession, follow Money Times on Linkedin!
Disclaimer
O Money Times publishes informative articles of a journalistic nature. This publication does not constitute an investment recommendation.
Source: Moneytimes
I am an author at Global happenings and I mostly cover automobile news. In my time working in the automotive industry, I have developed a keen interest in the latest developments and trends. My writing skills have also allowed me to share my knowledge with others through articles and blog posts.
